TAP

Portuguese airline companyTAP SGPS, now renamed SAIVILO, has been deemed to have formally defaulted on a €237 million bond loan from the Brazilian airline Azul controlled by airline mogul David [...]

Portugal’s General Inspectorate of Finances (IGF) believes that €55 million paid out by the State in 2020 to Brazilian-US airline mogul David Neeleman to buy back his share in TAP SGPS was not [...]

Portugal’s minister of Infrastructures, Miguel Pinto Luz believes “now is the right time” to sell TAP but has admitted that the current political crisis is a block to achieving it. “As all the [...]

The fall of the government this week and the forthcoming elections in May could set back the privatization of Portugal’s national carrier TAP by anything between six months and a year. This is [...]

The former CEO of TAP, Christine Ourmières Widener, is to begin her lawsuit against the airline at a hearing in a civil court in Lisbon. According to an order published this week, the [...]

Banco Finantia and EY will deliver their valuations for Portugal’s national airline TAP to the Portuguese government on March 17 in preparation for the airline’s total or part privatisation. The [...]

Portugal’s minister of Infrastructures, Miguel Pinto Luz has continued to insist that the government’s position is for a 100% sale of national airline TAP despite opposition from the opposition [...]

Portugal’s government announced on Tuesday that it had acquired all the shares in airline Portugália, Cateringpor and TAP health care unit UCS from the holding company TAP. All three companies [...]

The airline conglomerate IAG, which owns British Airways and Iberia, has promised that if its eventual bid for Portuguese State airline TAP is successful, it will develop a TAP hub at Lisbon [...]

TAP posted a profit of €118.2 million in the first nine months, a period in which it increased revenues from tickets and the aircraft maintenance business. The result benefits from the €117.8 [...]