The mayors of Porto and Lisbon have slammed Portugal’s state-owned airline as a “total embarrassment and disaster” in the fiercest criticism lain at the door of the airline’s administration ever. [...]
The CEO of Portuguese airline TAP, Christine Ourmières-Widener is likely to receive an extraordinary bonus worth around 80% of her salary which could be as much as €2 million. This is because the [...]
Portugal’s airline TAP and civil aviation personnel union SNPVAC have arrived at a €8 million pay package to avert a planned seven-day strike that was set to start this week. The beleaguered [...]
The extraordinary surcharge on Portugal’s property tax AIMI ( Additional Municipal Property Tax) brought municipal councils in around €144 million in 2021. The tax covered the greatest number of [...]
The CEO of Ryanair Michael O’Leary thinks that the most likely candidate to purchase TAP will be the International Airlines Group (IAG) which has British Airways. In a press conference, O’Leary [...]
The growing number of controversies, from top-of-the-range BMW car fleets for directors, to an un-sanctioned ‘compensation’ payout of €500,000 to a director who barely spent five minutes in [...]
The former president of Portugal’s stock market watchdog CMVM, Carlos Tavares, has hinted that TAP has “lied to the market” about the circumstances of the departure of one of its directors and [...]
Portugal’s national airline TAP will close 2022 with a profit for the first time since 2017 according to CNN and ECO online news. The good news for the airline, which has suffered nothing but bad [...]
Portugal’s Minister for Infrastructure and Housing has resigned after it was revealed that a junior minister had received a half-a-million-euro ‘golden handshake’ on her departure [...]
Portugal’s airline TAP has announced a cash injection operation of €980 million of State money into the business. The injection will be done in tranches – the first of €294 million was made [...]
