TAP Air Portugal returned to profitability for the first time since 2017, ending 2022 with a strong fourth quarter and the full year with a small profit. The airline is seeing the first positive effects of the transformation plan but warns of headwinds and challenges...
The coming twelve months could be crucial for the consolidation of the airline industry in Southern Europe. Not just in Italy, where a final decision on the partial sale of ITA Airways is delayed as a new administration has entered office, but also in Portugal....
On the back of a strong second quarter, TAP Portugal reported improved results and reduced losses for the quarter and first six months. But the airline is still in restructuring and needs state support, although it is considering refinancing its debts, it said on...
ACIA Aero Leasing (“ACIA”), a growing provider of regional aircraft leasing and lease management services, announced the delivery of an E-190 on lease to Bestfly Worldwide (“Bestfly”). The delivery took place at Embraer’s re-delivery center in Macon, Georgia, marking...
Despite numerous uncertainties in the market, TAP Portugal is cautiously optimistic that positive demand for travel combined with the fruits of restructuring will steer the airline in the right direction again. TAP has started implementing the plan that was announced...
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