The Lufthansa Group has formally declared its interest in joining the privatisation process of TAP Air Portugal, submitting its letter of intent to Parpública, the Portuguese state holding company, within the required deadline. While the initial plan involves acquiring a minority stake, the broader objective is to forge a long-term partnership that secures TAP’s future […]
Lufthansa sets sights on TAP Read More »
Comply365, a provider of operational content, safety, and training management solutions, has announced that TAP Air Portugal has chosen Comply365 as its partner to enhance its compliance and operational performance. TAP, the national airline of Portugal, operates an average of 2,500 flights per week to 90 destinations across 34 countries. Additionally, Portugália Airlines, a subsidiary
TAP Air Portugal selects Comply365 to boost efficiency Read More »
Portugal’s flag carrier TAP Air Portugal (TAP) has posted a remarkable 62% surge in net profit for the third quarter, setting a new record at €180.5 million (US$192 million). This impressive financial performance was attributed to robust revenue growth and stringent cost controls, which significantly boosted operating margins, all while the company is gearing up
TAP reports record profits of €180.5 million in Q3 Read More »
Portugal’s flag-carrying airline, TAP Air Portugal (TAP), has now become profitable and, as a consequence, is being put up for sale by the government. The move comes after the stricken carrier was granted a €3.2 billion bailout in the form of a taxpayer-funded restructuring programme. Portugal’s Finance Minister has announced that a minimum 51% stake
Portuguese government looks to sell off TAP as it becomes profitable Read More »
