TAP profits €65.6 million in 2022
Portugal’s national carrier TAP has posted a profit of €65.6 million and revenues of €3.5Bn for 2022; a record result five years after the airline was taken back into state control. TAP’s [...]
TAP signs partnership with The Art of Tasting Portugal
After sprucing up its fleet of aircraft with 53 new Airbus NEO planes, the national carrier is about to spice up its on-board menus. The company which is never far from the headlines has [...]
Neeleman explains TAP leasing deal
Brazilian-American airline mogul David Neeleman, who is at the centre of a controversy over the way he financed a leasing deal for 53 Airbus aircraft when he was the main shareholder of TAP, has [...]
State could retain minority shareholding in TAP
The Portuguese State is likely to retain a minority shareholding in the airline TAP as it goes on the market at some time this year. The Government is currently preparing a Decree-law for its [...]
TAP in negotiations to reduce fleet costs
TAP is in negotiation with Airbus in order to bring the costs down from the 53 new aircraft negotiated by ex-shareholder David Neeleman putting a €444 million dent in the airline’s finances. [...]
Public Ministry opens TAP inquiry
Portugal’s Public Ministry is to open an investigation into the purchase of aircraft by previous TAP administrations. In statements made to the news agency Lusa, the Procurator-General of the [...]
Iberia worst choice for Lisbon hub
Portugal’s Minister of the Economy, António Costa Silva has suggested that the IAG group which has British Airways/Iberia/Air Lingus could be the buyer for TAP. However, there are those who [...]
TAP likely to be bought by IAG
The CEO of Ryanair Michael O’Leary thinks that the most likely candidate to purchase TAP will be the International Airlines Group (IAG) which has British Airways. In a press conference, O’Leary [...]
