Both August and September were a disaster for national airline TAP in terms of passenger numbers flying to and from Porto. Not only were there less passengers, down 70% overall from January to [...]
TAP is likely to retain its status as a hub for South America, Europe and Africa but faces the number of slots and the times it blocks those slots reduced following pressure from low-cost [...]
The president of euroAtlantic airways, a small schedule and non-Schedule Portuguese International Airline, believes that the EU Commission will not accept TAP’s restructuring plan in its present [...]
The Government is still waiting for the green light from Brussels to inject around €536 million of capital into the national carrier TAP that was promised for 2021. It is authorisation for the [...]
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 [...]
