TAP paid school fees of managers 2016-2022

 In Education, News, TAP

The findings of a parliamentary inquiry in Portugal discovered that between 2016 and 2022 the county’s airline subsidised school fees for four senior management figures ranging between €15,000 and €36,000 per annum per child.

The beneficiaries were David Pedrosa, the son of ex-shareholder Humberto Pedrosa; Antonoaldo Neves, ex-CEO of TAP, Raffael Quintas Alves, a former CFO, and Christine Ourmières-Widener, former CEO.
These private school fee subsidies which varied between €15,000 and €36,000 per annum from 2016 after TAP was sold to Atlantic Gateway (owned by David Neeleman and Humberto Pedrosa) from November 2015.
David Pedrosa, who earned €30,000 per month, was the first senior management figure to get a subsidy for his kids’ education, receiving €24,000 per annum in 2016 and 2017, and from 2018, €18,500 per child.
Antonoaldo Neves was awarded a €36,000 subsidy in 2017, the year in which he was appointed as TAP CEO when he was earning €45,000 a month.
Raffael Quintas Alves, whose salary was €20,000 per month, got €18,500 per child between 2018 and 2021.
Christine Ourmières-Widener got a subsidy of €15,000 per annum for her children’s education while she earned €36,000 per month.