The Fight Is On For A Stake In TAP Air Portugal
Tag TAP Portugal
IAG and Globalia agree on Air Europa deal
UPDATE – International Airlines Group (IAG) has a deal to acquire Spanish airline Air Europa. It announced an agreement with the airline’s owner Globalia on Thursday evening, saying it intends to pay €400 million for the independent carrier. The acquisition…
TAP Portugal not ready for sale yet
TAP Portugal improves but net income still negative
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,…
TAP Portugal goes full swing into restructuring mode
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…
Brussels approves state aid for restructuring plan TAP Portugal
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…