TAP airline CEO Luis Rodrigues (C) accompanied by Lufthansa Executive President Carsten Spohr (R) and TAP airline Chairman Carlos Oliveira (L) are pictured during the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

Portuguese Prime Minister Luis Montenegro (C-L) accompanied by Lufthansa Executive President Carsten Spohr (C-R) pose for a family photo after the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

Lufthansa Executive President Carsten Spohr (C) is pictured moments before the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

A TAP airline aircraft is pictured during the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

A TAP airline aircraft is pictured during the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

Portuguese Prime Minister Luis Montenegro (C-L) accompanied by Lufthansa Executive President Carsten Spohr (C-R) pose for a family photo after the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

Guests are pictured in front of the logos of Portuguese airline TAP and German airline Lufthansa during the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)

Portuguese Prime Minister Luis Montenegro (C-L) greets Lufthansa Executive President Carsten Spohr (C-R) after the signing of the contract for the partial privatization of the airline TAP Air Portugal, between the Portuguese state and the Lufthansa Group at TAP airline headquarters in Lisbon on November 3, 2026. (Photo by PATRICIA DE MELO MOREIRA / AFP via Getty Images)