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        TAP

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        By Christopher Graeme
        In Conferences and Summits, News, TAP
        Posted 3 Julho, 2024

        TAP privatisation to be relaunched in September

        The privatisation process for state-owned Portuguese airline TAP will be relaunched in September. The company’s president, Luís Rodrigues insisted this week that the airline is “prepared for any [...]

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        By Christopher Graeme
        In Aviation, Lawsuits, News, TAP
        Posted 19 Junho, 2024

        Phone tapping points to politically motivated sacking of ex-TAP CEO

        The defence team of former TAP boss Christine Ourmières-Widener may use a phone tap of a conversation between former prime minister, António Costa and his Finances minister Fernando Medina [...]

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        By Christopher Graeme
        In Aviation, News, TAP
        Posted 19 Junho, 2024

        TAP financial boss explains why Q1 results €79.9 million in the red

        Portuguese airline TAP suffered losses of €79.9 million for the first quarter of 2024 and €26.2 million for the last quarter of 2023 but enjoyed a record result for last year overall of €177 [...]

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        By Christopher Graeme
        In Aviation, News, TAP
        Posted 22 Maio, 2024

        TAP’s president given short shrift by government after disappointing Q1 results

        The President of Portuguese national carrier TAP Air Portugal Luís Rodrigues was sent away with a flea in his ear by the government after telling the Financial Times that he would prefer the [...]

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        By Christopher Graeme
        In Airlines, Aviation, News, TAP
        Posted 10 Maio, 2024

        TAP Q1 results may not be as good as expected

        The first quarter of 2024 may not be as good as expected for Portuguese airline TAP in comparison to one of its potential buyers, International Consolidated Airlines Group (IAG), which released [...]

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        By Christopher Graeme
        In Aviation, Companies, News, TAP
        Posted 27 Março, 2024

        TAP posts record profit of €177.3 million in 2023

        TAP posted a record net profit of €177.3 million — the highest profit ever registered by the company. Profits were up €111.7 million on 2022 when the company posted €65.6 million; its first [...]

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        By Christopher Graeme
        In Aviation, News, TAP
        Posted 14 Fevereiro, 2024

        Former TAP CEO accuses finance minister of blackmail

        Former TAP CEO Christine Ourmières-Widener has accused Finance Minister Fernando Medina of blackmail and of sacking her for political reasons — statements that were contradicted yesterday by [...]

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        By Christopher Graeme
        In Litigation, News, TAP
        Posted 17 Janeiro, 2024

        TAP goes in for the kill against ex-CEO

        Portugal’s State airline TAP has claimed this week that the contract with its ex-CEO Christine Ourmières-Widener was “precarious and could have been terminated at any time” because “no management [...]

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        By Christopher Graeme
        In Aviation, Litigation, News, TAP
        Posted 15 Dezembro, 2023

        Ex-TAP CEO says reputation in tatters after government sacked her

        Former TAP CEO Christine Ourmières-Widener, who was fired from her job over a “just cause” says that doors are slamming in her face from working for listed companies and says her career has been [...]

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        By Christopher Graeme
        In News, Ratings agencies, TAP
        Posted 22 Novembro, 2023

        S&P improves TAP’s risk rating

        Following the example of Moody’s, the ratings agency Standard & Poor’s has improved the risk level of Portuguese airline TAP from B+ to BB- with “stable outlook”. It says it expects more [...]

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