Lufthansa CEO says it's premature to discuss possible takeover of Portugal's TAP

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Lufthansa CEO says it's premature to discuss possible takeover of Portugal's TAP
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Lufthansa's Chief Executive Carsten Spohr said on Sunday it was too soon to discuss the German airline group's potential interest in taking over Portugal's TAP as the Portuguese government is still debating the privatisation process.

Lufthansa said last month that it was taking a 41% stake in Italian carrier ITA Airways in the latest major consolidation in the aviation sector in Europe.

Spohr noted that the deal was still contingent on the European Commission's approval, but said that once it was signed off, ITA Airways would be incorporated into the Lufthansa group's global sales contracts to help it grow its revenue. He added that a number of planes were still grounded due to supply chain issues - at least 10 across the group - and that initial deliveries of the Boeing 777X were expected in early 2025.Reporting by Joanna Plucinska and Tim Hepher; Editing by Susan FentonJoanna reports on airlines and travel in Europe, including tourism trends, sustainability and policy. She was previously based in Warsaw, where she covered politics and general news.

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