TAP SGPS, which had until June 23 to pay a €177 million debt from 2016 to the Brazilian airline Azul, has defaulted on the loan with the airline now having to go to court to try and recover the [...]
The total privatisation of Portuguese State-owned airline TAP now looks unlikely to go ahead anytime soon because the two main opposition parties in Portugal’s parliament are against the State [...]
The former TAP SGPS, now renamed SIAVILO, has until June 23 to pay a €177 million debt which had been contracted in the form of a loan in 2016 from the Brazilian airline Azul and Parpública, an [...]
It’s full steam ahead for the privatisation of Portugal’s State-owned airline TAP with the rules of the game set for potential buyers. This is according to the Secretary of State for [...]
Portugal’s soon-to-be-privatised airline TAP posted a loss of €108.2 million, up €18.1 million on the same period in 2024. The results were disappointing because of a fall in air passenger [...]
Portugal’s General Inspectorate of Finances (IGF) believes that €55 million paid out by the State in 2020 to Brazilian-US airline mogul David Neeleman to buy back his share in TAP SGPS was not [...]
The Azores Regional Government has ordered the Azores airline SATA to press ahead with the final negotiations to sell the company. And things are looking up for the future prospects of a buyer [...]
The fall of the government this week and the forthcoming elections in May could set back the privatization of Portugal’s national carrier TAP by anything between six months and a year. This is [...]
The former CEO of TAP, Christine Ourmières Widener, is to begin her lawsuit against the airline at a hearing in a civil court in Lisbon. According to an order published this week, the [...]
The CEO of Vinci Concessions, Nicolas Notebaert has reaffirmed the European airports management group’s commitment to investing in Portugal. The president of France’s Vinci Airports, which owns [...]
