Air France-KLM and Lufthansa Group have submitted binding bids to acquire between 44.9% and 49.9% of TAP Air Portugal (TP, Lisbon) from Parpública, the Portuguese state-owned investment holding. Both bidders stressed their intention to preserve Lisbon as a hub should their offer be chosen. Air France-KLM additionally flagged its plans to invest in MRO in Portugal, developing TAP's capabilities in this segment based on the existing partnership with Air France Industries KLM Engineering & Maintenance. Meanwhile, Lufthansa Group highlighted that TAP was already an alliance partner through Star Alliance. It underlined that Lisbon would become the group's "strategic hub" focused primarily on serving South America.