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 [...]
A dozen national and international entities are interested in acquiring a slice of the Portuguese national carrier TAP which is to be part-privatised next year. These are in addition to the three [...]
Luis Gallego, CEO of the International Airlines Group (IAG), has revealed that the purchase of TAP Air Portugal would be a strategic move to consolidate a dual hub in southern Europe, integrating [...]
Government lacked documents showing the calculations to justify €55 million payment to David Neeleman The Ministry of Infrastructure and Housing, run by Miguel Pinto Luz, has stated that it does [...]
Tap’s privatisation is attracting interest not only from airlines, but also from investment funds from the Middle East and Asia, according to online news source ECO this week. In addition [...]
The US ratings agency Standards & Poor says that TAP’s reduced fleet and congestion at the airline’s hub at Lisbon’s Humberto Delgado airport is limiting the company’s growth and revenue [...]
The Prime Minister Luís Montenegro spelled out this Thursday that without retaining TAP’s hub in Portugal and the operation of strategic routes (to Brazil and Africa) to the country being [...]
Azul, the airline founded by David Neeleman, has threatened to tear up its partnership with TAP if it does not pay back a debt of €200 million because of a bond loan made in 2016. The partnership [...]
Portuguese airline TAP has around €490 in past losses that are tax deductible, an amount that adds value to the company and will benefit the eventual shareholder when the carrier is privatised. [...]
