Aviation

Portugal’s new development bank Banco Português de Fomento turned down a €30 million loan request from removals king Alfredo Casimiro to help save Groundforce. According to a document that news [...]

Flights at Lisbon airport doubled in the first two weeks of the summer following the change to British summer time. The increase in flight numbers was mainly down to internal flights operated by [...]

The CEO of Ryanair, Eddie Wilson has slammed the Portuguese government’s decision to step in and bail out TAP as “discriminatory against other airline companies.” And he has accused the European [...]

Almost 800 TAP staff have signed up to a voluntary redundancy package to quit the national carrier. Applications for amicable redundancy by mutual agreement, early retirement, part time [...]

TAP announced yesterday that the purchase of Groundforce assets for €7 million should be completed today. “SPdH (Groundforce) via a letter signed by its chairman and CEO, have confirmed that it [...]

Pasogal, the majority shareholder in the Portuguese airports baggage handler Groundforce, said yesterday that it was open to “consider a capital raise” in SPdH, reserved for shareholders after an [...]

Portugal’s national carrier TAP has advanced with a capital raise of nearly €7 million for the baggage handling company Groundforce. The decision was taken over the weekend to increase the [...]

The Portuguese government has stated that resurrecting plans for a new second international airport at Alcochete (abandoning the Monsanto option) will not require a new international competition [...]

After the Government’s plans to build a secondary Lisbon international airport on the South bank of the River Tagus at Montijo were scuppered by ANAC (Portugal’s National Civil Aviation [...]

Portuguese national airline TAP has made an agreement with several banks to postpone payments of its debts beyond the end of the moratoria period in September this year. Furthermore, the State’s [...]