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        TAP

         TAP … Another minister falls as State poised to make a €1.6Bn loss on airline
        0
        By Christopher Graeme
        In News, TAP
        Posted 2 Maio, 2023

        TAP … Another minister falls as State poised to make a €1.6Bn loss on airline

        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 [...]

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         TAP sale process could begin this summer
        0
        By Christopher Graeme
        In News, Original, TAP
        Posted 27 Abril, 2023

        TAP sale process could begin this summer

        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 – [...]

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         TAP: Neeleman team received “bonuses and salaries worth millions”
        0
        By Christopher Graeme
        In Aviation, News, TAP
        Posted 19 Abril, 2023

        TAP: Neeleman team received “bonuses and salaries worth millions”

        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 [...]

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         Moody’s upgrades TAP
        0
        By Christopher Graeme
        In News, Ratings agencies, TAP
        Posted 5 Abril, 2023

        Moody’s upgrades TAP

        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 [...]

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         TAP CEO – “I’m just a scapegoat sacked in an illegal process”
        0
        By Christopher Graeme
        In Airlines, News, TAP
        Posted 5 Abril, 2023

        TAP CEO – “I’m just a scapegoat sacked in an illegal process”

        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 [...]

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         TAP profits €65.6 million in 2022
        0
        By Christopher Graeme
        In Airlines, News, TAP
        Posted 22 Março, 2023

        TAP profits €65.6 million in 2022

        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 [...]

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         TAP lawyer in bonus row
        0
        By Christopher Graeme
        In Companies, News, TAP
        Posted 20 Março, 2023

        TAP lawyer in bonus row

        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. [...]

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         TAP signs partnership with The Art of Tasting Portugal
        0
        By Christopher Graeme
        In Airlines, News, TAP
        Posted 17 Março, 2023

        TAP signs partnership with The Art of Tasting Portugal

        After sprucing up its fleet of aircraft with 53 new Airbus NEO planes, the national carrier is about to spice up its on-board menus. The company which is never far from the headlines has [...]

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         Neeleman explains TAP leasing deal
        0
        By Christopher Graeme
        In Airlines, News, TAP
        Posted 13 Março, 2023

        Neeleman explains TAP leasing deal

        Brazilian-American airline mogul David Neeleman, who is at the centre of a controversy over the way he financed a leasing deal for 53 Airbus aircraft when he was the main shareholder of TAP, has [...]

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         Ex-TAP CEO to demand €3 million in salaries, bonus and compensation
        0
        By Christopher Graeme
        In Companies, News, TAP
        Posted 13 Março, 2023

        Ex-TAP CEO to demand €3 million in salaries, bonus and compensation

        The decision to ask a former TAP director to hand back most of a €500,000 ‘Golden Handshake’ and which was followed by the dismissal of its CEO, could be about to cost the company even dearer. [...]

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        Essential Business Magazine Cover Nº25 January - March 2025
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