TAP’s €493.1 million first semester losses “may be under-evaluated”
In another potential case of “upps, calculations don’t appear to have been quite right”, auditors PwC today have “considered” that the €493.1 million first semester losses posted earlier this week
TAP accused of “blocking Portugal’s recovery from pandemic”…
In another characteristic salvo of criticism, Ryanair president Michael O’Leary has returned to ‘TAP bashing’ in Lisbon today – claiming the company’s policy of blocking ‘slots’ at the capital’s airport
TAP uncertainty: “Portuguese State will become sole shareholder by end of 2021”
Despite all assertions to the contrary, the Portuguese government insists debt-ridden airline TAP is “absolutely strategic” and must be saved at all costs. These are likely to run to around
Brussels sends TAP ‘restructuring plan’ for “deepened investigation”
Brussels has been forced into an embarrassing climb-down over its previous ‘green light’ to what could amount to €3.7 billion in State Aid for loss-making Portuguese airline TAP (click here).
Portugal’s State support for TAP is “taxpayers money thrown down toilet”, blasts Ryanair president
Ryanair president Michael O’Leary has launched a characteristic salvo of criticism today at Portugal’s ‘masterplan’ for supporting flagship airline TAP – to the tune of €1.2 billion – through the
Up, up and away… Portugal ploughs another €462 million into TAP despite EU court ruling
In spite of news yesterday that the Court of Justice of the European Union has annulled the decision approving €1.2 billion of State aid to be ploughed into loss-making airline
EU court annuls decision allowing Portugal to channel €1.2 billion of State aid to TAP
The Court of Justice of the European Union has annulled the decision by the European Commission which approved State aid of €1.2 billion to help salvage loss-making Portuguese airline TAP.
TAP pilots approve emergency agreement, salaries cut by 50% in 2021
Pilots at Portugal’s flag carrier TAP have given the green light to an emergency agreement that includes salary cuts of up to 50%, as the company struggles to survive the
TAP reaches record number of 17 million passengers in 2019
Portuguese airline TAP saw its passenger numbers reach over 17 million in 2019, a new record. Says the airline, the numbers represent an increase of 8.2% (over 1.2 million) compared
All flights between Lisbon and Brussels cancelled in wake of terror attacks
All flights between Lisbon and Brussels have been cancelled today in the wake of a new round of terror attacks in the Belgian capital that have killed and seriously injured