The US ratings agency Moody’s has raised the rating of Portuguese State-run airline TAP in the wake of its CEO Christine Ourmières-Widener having returned the airline from a loss to a [...]
The CEO of TAP, Christine Ourmières-Widener said at a hearing on Tuesday that she was “just a scapegoat” over the €500,000 compensation case involving former director Alexandra Reis, and has [...]
Portugal’s national carrier TAP has posted a profit of €65.6 million and revenues of €3.5Bn for 2022; a record result five years after the airline was taken back into state control. TAP’s [...]
An ex-legal director of TAP who joined the airline in May 2018 on a salary of €9,500 a month, was awarded a bonus of €19,570 in 2019; a year in which the company posted a €118 million loss. [...]
After sprucing up its fleet of aircraft with 53 new Airbus NEO planes, the national carrier is about to spice up its on-board menus. The company which is never far from the headlines has [...]
Brazilian-American airline mogul David Neeleman, who is at the centre of a controversy over the way he financed a leasing deal for 53 Airbus aircraft when he was the main shareholder of TAP, has [...]
The decision to ask a former TAP director to hand back most of a €500,000 ‘Golden Handshake’ and which was followed by the dismissal of its CEO, could be about to cost the company even dearer. [...]
The CEO of Portugal’s airline TAP has been fired for ‘fair cause’ over a €500,000 ‘Golden Handshake’ paid out to an ex-director who resigned after serving less than one year in the executive [...]
The Portuguese State is likely to retain a minority shareholding in the airline TAP as it goes on the market at some time this year. The Government is currently preparing a Decree-law for its [...]
TAP is in negotiation with Airbus in order to bring the costs down from the 53 new aircraft negotiated by ex-shareholder David Neeleman putting a €444 million dent in the airline’s finances. [...]
