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,…
ACIA Aero Leasing Delivers First E-190 to Bestfly Worldwide
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 back…
Embraer has sold its two Portuguese aerostructure units to Aernnova in Spain for $172 million. At the same time, the two companies have signed a long-term supply agreement to safeguard the supplies of assemblies to Embraer, they announced on January…
TAP Portugal can continue its restructuring plans now that the European Commission has approved €2.55 billion in state aid the carrier from the Portuguese government. The Commission also ruled positively over a combined €178.5 million in Covid-aid. Brussels approves state…