Portugal's government has selected Lufthansa Group over Air France-KLM as the preferred investor in TAP Air Portugal, approving the sale of up to 49.9% for €1.2 billion. Lufthansa's bid was 16% higher than its rival's, with Portugal retaining a 50.1% stake. Lufthansa plans to expand TAP's fleet to 117 aircraft by 2035, strengthen its Latin American network and invest €300 million in maintenance facilities. A second privatisation phase, potentially giving Lufthansa majority ownership, is targeted for completion by early 2028.

GE Aerospace announced plans to invest £30 million ($40 million) in expanding its engine overhaul facility in Prestwick, Scotland, supported by £27 million in public-sector funding. The project will improve maintenance capacity, logistics and operational efficiency, with the new facility scheduled to commence operations in the first quarter of 2028. The expansion is expected to create approximately 150 additional jobs by 2031. GE will also contribute £75,000 towards aerospace training at Ayrshire College.

Aegean Airlines appointed Michalis Kouveliotis as chief executive with immediate effect, succeeding Dimitris Gerogiannis after 20 years in the role. Gerogiannis will remain as an adviser overseeing the airline's technical base and training centre. Kouveliotis, previously deputy CEO and long-serving finance chief, takes over as part of a planned leadership succession. The transition comes amid rising fuel costs and geopolitical uncertainty, with Aegean moderating capacity growth while continuing fleet renewal and network expansion.