The US Department of Transport (DOT) has ordered Portugal’s airline TAP and other companies to shell out €122 million in refunds and pay fines for “cancelled or significantly changed flights”, [...]
IAG, the umbrella company that owns British Airways, could make an offer to buy a controlling share in Portugal’s national carrier TAP. IAG (International Airlines Group), which also has Spanish [...]
Just as it was getting over a mountain of criticism over the lease of some 80 luxury cars from BMW, Portugal’s embattled national airline carrier TAP is the centre of another storm. This time [...]
The US fund Certares which owns a 40% capital stake in the Porto-based river cruise company Douro Azul controlled by Mário Ferreira, is pondering a capital investment in Portugal’s airline TAP. [...]
TAP has now decided not to sign a long-term leasing contract with BMW for a new fleet of top-of-the-range cars following mounting political pressure, including comments from the President of the [...]
Portugal’s Prime Minister, António Costa says he is close to reaching an agreement with the main opposition party PSD on the ‘methodology’ to follow to select the location of Lisbon’s new [...]
Airbus Atlantic will this week inaugurate new group premises in Santo Tirso near Porto where it produces components for the Airbus A320 and A350. The new factory will cover a 20,000m2 site when [...]
Lisbon’s new International airport could be built near the Gothic medieval city of Santarém rather than in either Alcochete or Montijo. This is according to a new investment proposal welcomed by [...]
A final decision on the site and starting date for works on Lisbon’s new international airport is at least a year away. This is because it will take a year to complete a new environmental impact [...]
National carrier TAP has accumulated losses of €593 million from its maintenance and engineering operation in Brazil over 13 years. In 2021 alone, the last year of operation, the department which [...]
