The Azores airline SATA is to receive €133 million of government help to restructure the company after disastrous losses caused by the Covid-19 crisis. The European Commission gave the green [...]
The Portuguese Government has yet to reach an agreement on an exit deal with TAP CEO Antonoaldo Neves to step down from his executive position. The stone in the Government’s shoe comes at the [...]
The United Kingdom is remaining inflexibly stubborn over its strict policy of making British holidaymakers returning from Portugal go into self-isolation for 14 days. Says the Portugal Resident [...]
The shareholders of Brazilian airline Azul owned by mogul David Neeleman have voted in favour of an agreement which will see the company withdraw from Portuguese national airline TAP. The vote [...]
The Portuguese Government has decided to temporarily shelve a project for Lisbon’s second international airport at Montijo on the South bank of the River Tagus. The minister of Infrastructure and [...]
The chairman of Portuguese airline TAP, Miguel Frasquilho, said this week that the company would have gone under in 2015 if it hadn’t been for private shareholder investment. “If TAP had not been [...]
An 11th hour deal between the Government and private shareholders over the future of Portugal’s national airline TAP has been brokered after talks continued through the small hours on Thursday. [...]
The President of the Republic, Marcelo Rebelo de Sousa, has called on the Government and shareholders to find “the best possible solution” for Portugal’s airline TAP. The President made his [...]
Portugal’s stricken airline TAP has sent a communiqué to the markets indicating that a court examining applying an injunction to prevent the State bailing out the airline could be wavered in the [...]
Portugal’s Minister of Infrastructure and Housing says that TAP’s private shareholders have not shown any commitment to the future of the national airline. Pedro Santos Nunes said he had [...]
