Portuguese airline TAP says it will not be able to repay a State capital loan of up to €1.2Bn which it needs to stay in the air within the six months stipulated by the European Commission. “The [...]
Portugal’s national airline TAP is to undergo the biggest restructuring in recent years with a cut in aircraft, flights and staff. The downsizing is part of a restructuring plan ordered by [...]
The ratings agency Standard & Poor’s have cut the rating of Portugal’s national airline TAP to the sixth level of ‘junk’ status. Standard & Poor’s have cut the financial rating of six [...]
The Portuguese Minister of Infrastructure warned this week that while the Government does not want to “let TAP collapse” it cannot rule out the possibility of the airline going bankrupt. The [...]
Portugal’s national airline TAP had to mortgage 29 buildings that comprised its headquarters at Lisbon airport to get a loan of €75 million. The financial operation from 2016 was made through an [...]
The aviation group comprising the airlines Azores Airlines and SATA Air Azores registered losses of €20.84 million for the first three months of 2019. According to information sent by the [...]
Staff, crew and travel agents celebrated the relaunch of Air Canada’s three-times weekly seasonal Rouge service from Lisbon to Montreal’s Montréal-Trudeau airport on Friday. The service from [...]
Portuguese airline TAP is to install a new flight simulator to train pilots at the Tires Aerodrome near Cascais. The unit, which will begin operation from June, is the result of a partnership [...]
EasyJet has announced that it will operate flights between Porto and Malaga from April 2 in the season to 26 October. “The company will be the first to operate the Porto-Malaga route with four [...]
The Portuguese Government is facing a fresh avalanche of criticism over its chosen site for a second Lisbon international airport on the South side of the capital at Montijo. According to RTP’s [...]
