Portugal’s national carrier TAP will get €1.526Bn from tax payers with €536 million be paid this year on top of the €462 million already paid in May. Next year TAP will get a further pay in of [...]

The Ministries of Finance and Economy, Housing and Infrastructure announced on Friday that that TAP CFO João Weber Gameiro has tendered his resignation. Under applicable laws in Portugal, it [...]

First it was Ryanair’s Michael O’ Leary who sharply criticised the EU’s decision to consider allowing the Portuguese State to bail out TAP with €2Bn of tax payer funding. Now the director of [...]

The Irish low-cost airline Ryanair says it will contest the financial aspect of a top-to-bottom restructuring plan for Portgual’s national carrier TAP in response to a European Commission [...]

The deadline for national carrier TAP to repay the Portuguese State a €1.2Bn loan which expired today, has now been extended until the end of the year. The loan had been granted on the back of a [...]

The Portuguese national carrier TAP recorded losses of €493.1 million in the first half of 2021 – an like-for-like improvement of €88.8 million. This was according to the airline’s results [...]

Portugal’s national carrier TAP has accepted to abandon around a dozen flight slots at Lisbon international airport. It has done so at the insistence of the government in order to meet new [...]

The International ratings agency Standard & Poor has warned this week that Portugal’s airline is running the risk of running out of cash with which to operate its flights. But while the [...]

In the wake of a two-day strike by the staff at baggage handlers Groundforce, ANA, the company that manages Portugal’s airports, has said it will revoke the company’s licence because it owes [...]

A strike by 81.2% of Groundforce baggage handlers who say they have not received their summer bonus salary caused mayhem at Portugal’s largest airport over the weekend. Over 650 flights to [...]