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 [...]
A French high-flying executive has been tipped as the next CEO for Portuguese airline TAP. Christine Ourmières-Widener is said to be the personal favourite of Portugal’s minister of [...]
TAP recorded losses of €365 million for the first three months of the year because of the Europe-wide lockdown. €109.8 million of the net loss result had to do with net exchange differences. [...]
