TAP - comment

Portugal’s Minister of Infrastructure, Pedro Nuno Santos, has stated that in order to remain viable in the long-term, TAP needs to be combined with a large aviation group and seems to be looking to Lufthansa on the subject. To be sure, he has not made a direct reference, but the general consensus is that Lufthansa are in the lead. The German carrier is geographically removed from the trans-Atlantic traffic and slots at Lisbon airport as well as South America look very attractive in that context.