Portugal’s government has now received valuations for national airline TAP from EY and Finantia bank in preparation for the carrier’s sale according to Bloomberg. The Ministry of Finances [...]
TAP SGPS, which had until June 23 to pay a €177 million debt from 2016 to the Brazilian airline Azul, has defaulted on the loan with the airline now having to go to court to try and recover the [...]
The total privatisation of Portuguese State-owned airline TAP now looks unlikely to go ahead anytime soon because the two main opposition parties in Portugal’s parliament are against the State [...]
The former TAP SGPS, now renamed SIAVILO, has until June 23 to pay a €177 million debt which had been contracted in the form of a loan in 2016 from the Brazilian airline Azul and Parpública, an [...]
It’s full steam ahead for the privatisation of Portugal’s State-owned airline TAP with the rules of the game set for potential buyers. This is according to the Secretary of State for [...]
Portugal’s soon-to-be-privatised airline TAP posted a loss of €108.2 million, up €18.1 million on the same period in 2024. The results were disappointing because of a fall in air passenger [...]
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 [...]
