All TAP Air Portugal articles – Page 3
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NewsNew TAP Air Portugal chief takes control as EU looks at latest state aid proposal
New TAP Air Portugal chief executive Christine Ourmieres-Widener has been in “listening mode” during her first few days in charge of the European operator, as uncertainty surrounds the business’s second tranche of state aid.
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Airline BusinessNumber of women leading top airlines doubles in space of months
While there has arguably been remarkably little executive churn at the top of airlines during the pandemic, the past few months suggest that might be starting to change – and that some positive trends could emerge from the crisis.
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NewsTAP Air Portugal confirms former Flybe chief as new CEO
Former Flybe chief executive Christine Ourmieres-Widener has been appointed chief executive of TAP Air Portugal.
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NewsTAP details share capital increase after state injects more cash
Portugal’s government has invested €462 million ($566 million) in new TAP shares, following the European Commission’s approval last month of additional state support for the Portuguese flag carrier.
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NewsCourt rules against KLM and TAP state aid approvals
A court has annulled European Commission decisions approving state aid for KLM and TAP Air Portugal, judging that it failed to consider all factors, though it has suspended the annulments until fresh decisions are made.
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NewsEU approves €462 million of support for TAP Air Portugal
European regulators have cleared a €462 million ($558 million) loan from the Portuguese state to flag carrier TAP, having deemed the support to be within state-aid rules.
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NewsEmirates to deepen TAP Air Portugal codeshare
Middle East carrier Emirates is deepening its codeshare with Star Alliance carrier TAP Air Portugal under a fresh agreement.
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NewsPortuguese government seeks approval for €460m aid to TAP
Portugal’s government has formally notified the European Commission of its intent to grant interim support to flag-carrier TAP. The support is designed to guarantee the airline’s liquidity until a restructuring programme is approved. Up to €463 million in aid within the scope of the restructuring can be notified, according to ...
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NewsPortuguese government outlines fleet and job cuts to restructure TAP
Portugal’s government has indicated that a restructuring of flag-carrier TAP should involve a reduction of fleet capacity, and the cutting of 2,000 personnel. The carrier group has over 100 aircraft, including its regional division Portugalia, but the Portuguese infrastructure minister Pedro Nuno Santos, speaking during a briefing on the restructuring, ...
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NewsTAP cuts winter capacity up to 70% after heavy nine-month loss
TAP Air Portugal has reported a third-quarter net loss of €119 million ($142 million), and expects to reduce its winter capacity by 60-70% year on year as Europe’s second Covid-19 wave continues to heavily impact operations.
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NewsPortuguese government completes TAP stake increase
Portugal’s government has completed its acquisition of an additional 22.5% stake in TAP, clearing the way for the airline to access the rest of its state loan.
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NewsTAP defers lease payments and looks to sell up to eight aircraft
TAP Air Portugal has negotiated payment deferrals covering about 60% of its leased fleet, and is looking at selling up to eight Airbus narrowbodies as well as returning some aircraft early to lessors.
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Airline BusinessWinter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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NewsTAP awarded first €500 million of state rescue loan
TAP Portugal has received just under €500 million ($591 million) of its potential €1.2 billion state rescue loan from the Portuguese government, the airline has disclosed. In June, the European Commission approved Portugal’s plan to lend the carrier up to €1.2 billion to help address “immediate liquidity needs” arising from ...
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NewsTAP Air Portugal to reach 40% of pre-Covid network in September
TAP Air Portugal is planning to operate 700 flights per week in September, bringing its network to around 40% of its pre-coronavirus level.
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NewsPortuguese state takes control of TAP to prevent bankruptcy
Portugal’s government has agreed to pay €55 million ($62 million) to increase its stake in national carrier TAP to 72.5% in order to prevent the airline from going bankrupt.
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NewsCarriers not liable for knock-on delay from unruly passengers: EU court
European airlines can avoid paying delay compensation to passengers as a result of disruption from an unruly passenger during flight, according to a preliminary court ruling. This also applies if there is a direct causal link between the initial disruption and a subsequent delay to the same aircraft operating the ...
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NewsATR 72 tail-strike inquiry cites pilot-shortage pressure
Portuguese investigators have indicated that a shortage of pilots might have pressured carrier White Airways to release a trainee ATR first officer for flight without a safety pilot, the day before a damaging tail-strike at Fez. The ATR 72-600 had been operating Lisbon-Fez, on behalf of TAP Express, on 6 ...
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TAP deploys A321LRs for transatlantic expansion
Portuguese carrier TAP is to open new transatlantic services with its long-range Airbus A321LR fleet, operating to Montreal, Boston via the Azores, and a new Brazilian destination.
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Azul proposes JV with TAP to shareholders
Brazil’s low-cost carrier Azul has proposed a joint venture with Portuguese flag carrier TAP Air Portugal to its shareholders as it looks to gain a greater foothold in the transatlantic travel market, the company says in its investor update on 7 November.