Air France-KLM formalizes bid to acquire TAP Portugal despite high costs
Air France-KLM confirmed its bid to acquire TAP Portugal, competing with Lufthansa.
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The fact
The rise in jet fuel cost the group 804 million euros in the second quarter.
This acquisition would strengthen its position on transatlantic and African routes.
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Why it matters
Cette opération stratégique pourrait redessiner le paysage du transport aérien européen, avec des conséquences sur la concurrence et les tarifs pour les passagers.