A former Portuguese finance minister told a public inquiry on Tuesday that Airbus funds received by former shareholder David Neeleman to capitalise TAP may have been illegal. João Leão told the [...]
A public inquiry into the Portuguese government’s management of public airline TAP over the past few years heard yesterday from a former minister of Infrastructure who was unable to explain how a [...]
TAP posted a loss of €57 million in Q1 after last year’s annual results saw profits of €65.6 million. In Q1 the airline, currently the subject of a parliamentary inquiry over its management, [...]
The curse of Portugal’s publicly owned airline TAP has returned to claim yet another victim – João Galamba, the Minister of Infrastructure who lasted just four months in the job. The [...]
The Portuguese Government hopes to start the ball rolling for the sale of national airline TAP before the end of the summer. The Council of Ministers have given a mandate to Parpública – [...]
Top brass members of TAP may have received around €1.2 million in bonuses and €19 million in salaries through the provision of services to Atlantic Gateway at the time that Brazilian-American [...]
The US ratings agency Moody’s has raised the rating of Portuguese State-run airline TAP in the wake of its CEO Christine Ourmières-Widener having returned the airline from a loss to a [...]
The CEO of TAP, Christine Ourmières-Widener said at a hearing on Tuesday that she was “just a scapegoat” over the €500,000 compensation case involving former director Alexandra Reis, and has [...]
Portugal’s national carrier TAP has posted a profit of €65.6 million and revenues of €3.5Bn for 2022; a record result five years after the airline was taken back into state control. TAP’s [...]
An ex-legal director of TAP who joined the airline in May 2018 on a salary of €9,500 a month, was awarded a bonus of €19,570 in 2019; a year in which the company posted a €118 million loss. [...]
