In September 2023, Portuguese ministers confirmed plans to sell a controlling share of at least 51% in TAP Air Portugal
AIRBUS/MASTER FILMS
Euro consolidation
We might be flying more, but the number of airlines actually taking us there is falling. To maximise economies of scale, carriers have been merging for decades, but this latest shift is different. Consolidation is no longer the preserve of private airlines – entire flag carriers are being swallowed up into aviation mega-corporations. In Europe, Lufthansa Group, Air France-KLM and IAG are the big three and it looks like they’re about to get even bigger.