TAPâs âŹ493.1 million first semester losses âmay be under-evaluatedâ
In another potential case of âupps, calculations donât appear to have been quite rightâ, auditors PwC today have âconsideredâ that the âŹ493.1 million first semester losses posted earlier this week
TAP accused of âblocking Portugalâs recovery from pandemicââŠ
In another characteristic salvo of criticism, Ryanair president Michael OâLeary has returned to âTAP bashingâ in Lisbon today – claiming the companyâs policy of blocking âslotsâ at the capitalâs airport
TAP uncertainty: âPortuguese State will become sole shareholder by end of 2021â
Despite all assertions to the contrary, the Portuguese government insists debt-ridden airline TAP is âabsolutely strategicâ and must be saved at all costs. These are likely to run to around
Brussels sends TAP ârestructuring planâ for âdeepened investigationâ
Brussels has been forced into an embarrassing climb-down over its previous âgreen lightâ to what could amount to âŹ3.7 billion in State Aid for loss-making Portuguese airline TAP (click here).
Portugalâs State support for TAP is âtaxpayers money thrown down toiletâ, blasts Ryanair president
Ryanair president Michael OâLeary has launched a characteristic salvo of criticism today at Portugalâs âmasterplanâ for supporting flagship airline TAP – to the tune of âŹ1.2 billion – through the
Up, up and away⊠Portugal ploughs another âŹ462 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 âŹ1.2 billion of State aid to be ploughed into loss-making airline
EU court annuls decision allowing Portugal to channel âŹ1.2 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 âŹ1.2 billion to help salvage loss-making Portuguese airline TAP.
TAP pilots approve emergency agreement, salaries cut by 50% in 2021
Pilots at Portugalâs 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