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 [...]
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 [...]
