VINCI SA

They're better to stick with the French.

We heard on the other side saying, no, this is a really good thing because the airports largely in Portugal are already controlled by the Vinci Group, already controlled by the French.

Do we want to have the airline controlled by them as well? What do you think?

Well, the whole thing is very complex.

Uh, y- you had many people say that, uh, "Well, what does the, the Lusophone Latin world have to do with Frankfurt? Uh, this makes no sense.

It's just not the right [laughs] emotional, spiritual, or even business match." On the other side, though, you had a lot of people who were completely against- Uh, Air France, uh, landing this because they said already you have the Vinci Group, uh, of course, the big infrastructure players who control, uh, many of the airports, uh, in, in Portugal and actually in some of the broader Lusophone world as well, saying that this would be, on one side, uh, really almost a sovereignty issue because you would have infrastructure ultimately controlled by Paris, and then you would have an airline controlled by Paris, and that was simply too much.

So you had many people who were very much in favor of also the Lufthansa Group, of course, uh, picking up TAP.

Well, and from Lufthansa's perspective, I mean, Tyler, the last time we spoke on air about aviation, it was on the anniversary of Swiss Air's collapse and rebirth as Swiss, which you were involved with.

Uh, I mean, you had many people say that, uh, "Well, what does the, the Lusophone Latin world have to do with Frankfurt? Uh, this makes no sense.

It's just not the right emotional, spiritual, or even business match." On the other side, though, you had a lot of people who were completely against, uh, Air France, uh, landing this because they said already you have the Vinci Group, uh, of course, the big infrastructure players who control, uh, many of the airports, uh, in, in Portugal and actually in some of the broader Lusophone world as well, saying that this would be, on one side, uh, really almost a sovereignty issue because you would have infrastructure ultimately controlled by Paris, and then you would have an airline controlled by Paris, and that was simply too much.

So you had many people who were very much in favor of also the Lufthansa Group, of course, uh, picking up TAP.

Well, and from Lufthansa's perspective, I mean, Tyler, the last time we spoke on air about aviation, it was on the anniversary of Swiss Air's collapse and rebirth as Swiss, which you were involved with, and we talked about the fact that Lufthansa, of course, would eventually take over Swiss a few years later.