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    Aviation

     TAP paid US$444 million for new aircraft
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    By Fernando Caetano
    In Aviation, News, TAP
    Posted 13 Fevereiro, 2023

    TAP paid US$444 million for new aircraft

    Former majority shareholder in Portuguese airline TAP, David Neeleman may have made €44 million in profit in the purchase and sale contract of his stake in the national carrier. The US-Brazilian [...]

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     TAP CEO contract foresaw up to €3M bonus
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    By Fernando Caetano
    In Aviation, News, TAP
    Posted 3 Fevereiro, 2023

    TAP CEO contract foresaw up to €3M bonus

    The CEO of Portugal’s national airline TAP, Christine Ourmières-Widener was to receive a bonus of between €2.1 million €3 million under the terms of her contract if she successfully restructured [...]

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     TAP a “total embarrassment” say city mayors
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    By Fernando Caetano
    In Aviation, New Airport, News, TAP
    Posted 1 Fevereiro, 2023

    TAP a “total embarrassment” say city mayors

    The mayors of Porto and Lisbon have slammed Portugal’s state-owned airline as a “total embarrassment and disaster” in the fiercest criticism lain at the door of the airline’s administration ever. [...]

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     TAP CEO could net €2M bonus
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    By Fernando Caetano
    In Aviation, News, TAP
    Posted 30 Janeiro, 2023

    TAP CEO could net €2M bonus

    The CEO of Portuguese airline TAP, Christine Ourmières-Widener is likely to receive an extraordinary bonus worth around 80% of her salary which could be as much as €2 million. This is because the [...]

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     Iberia worst choice for Lisbon hub
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    By Fernando Caetano
    In Airlines, Aviation, New Airport, News
    Posted 23 Janeiro, 2023

    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 [...]

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     TAP likely to be bought by IAG
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    By Fernando Caetano
    In Airlines, Aviation, News, TAP
    Posted 20 Janeiro, 2023

    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 [...]

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     Some sites for new Lisbon airport face rejection
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    By Fernando Caetano
    In Aviation, New Airport, News
    Posted 16 Janeiro, 2023

    Some sites for new Lisbon airport face rejection

    An independent technical commission which has begun working on studying various locations for Lisbon’s new international airport has admitted it may reject some of the options put forward by the [...]

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     TAP closes 2022 with a profit
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    By Fernando Caetano
    In Aviation, Companies, News, TAP
    Posted 30 Dezembro, 2022

    TAP closes 2022 with a profit

    Portugal’s national airline TAP will close 2022 with a profit for the first time since 2017 according to CNN and ECO online news. The good news for the airline, which has suffered nothing but bad [...]

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     TAP injects €980 million recapitalisation of state money
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    By Fernando Caetano
    In Aviation, News, TAP
    Posted 28 Dezembro, 2022

    TAP injects €980 million recapitalisation of st...

    Portugal’s airline TAP has announced a cash injection operation of €980 million of State money into the business. The injection will be done in tranches – the first of €294 million was made [...]

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     Ex-TAP director given €500,000 golden handshake sacked from government
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    By Fernando Caetano
    In Aviation, Companies, News, TAP
    Posted 28 Dezembro, 2022

    Ex-TAP director given €500,000 golden handshake...

    An ex-director of cash-strapped Portuguese airline TAP who had been on a salary of €245,000 per annum for three years and who was awarded a €500,000 fat cat “compensation package” for [...]

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