TAP posted a loss of €57 million in Q1 after last year’s annual results saw profits of €65.6 million. In Q1 the airline, currently the subject of a parliamentary inquiry over its management, [...]
ANA, the company that manages Portugal’s airports, is likely to present a bill to the Government for €16.9 million on studies for the new complementary airport at Montijo on the south bank of the [...]
A Portuguese commission hired to study the technical and scientific viability options for expanding Lisbon’s airport capacity has announced nine possible choices for Lisbon’s new International [...]
Azores Airlines and Air Açores – both belonging to the SATA Group – enjoyed its best year ever in terms of revenues, despite suffering net financial losses of €32.4 and €2.5 million, [...]
Top brass members of TAP may have received around €1.2 million in bonuses and €19 million in salaries through the provision of services to Atlantic Gateway at the time that Brazilian-American [...]
Former majority shareholder in Portuguese airline TAP, David Neeleman may have made €44 million in profit in the purchase and sale contract of his stake in the national carrier. The US-Brazilian [...]
The CEO of Portugal’s national airline TAP, Christine Ourmières-Widener was to receive a bonus of between €2.1 million €3 million under the terms of her contract if she successfully restructured [...]
The mayors of Porto and Lisbon have slammed Portugal’s state-owned airline as a “total embarrassment and disaster” in the fiercest criticism lain at the door of the airline’s administration ever. [...]
The CEO of Portuguese airline TAP, Christine Ourmières-Widener is likely to receive an extraordinary bonus worth around 80% of her salary which could be as much as €2 million. This is because the [...]
Portugal’s Minister of the Economy, António Costa Silva has suggested that the IAG group which has British Airways/Iberia/Air Lingus could be the buyer for TAP. However, there are those who [...]
