TAP Air Portugal is preparing to expand its fleet with the imminent delivery of a brand-new Airbus A320neo, highlighting its commitment to modern, fuel-efficient operations. The incoming aircraft, identified as MSN 12635, is powered by a pair of CFM LEAP-1A26 engines and will feature a single-class cabin configuration with 174Y seats.
The Portuguese government has formally set the valuation for the partial privatization of TAP Air Portugal (TP), placing a $817.7 million price on a 44.9% minority stake in the national carrier. In addition, 5% of the airline’s shares will be reserved for employees, while the state will retain majority ownership to safeguard strategic control.
TAP Air Portugal is preparing to expand its narrowbody fleet with the upcoming delivery of an Airbus A321neo. The A321-251NX’s MSN is 12710. This addition continues the airline’s modernisation strategy, focusing on enhancing efficiency and passenger comfort while aligning with its dual mission of serving European destinations and long-range markets in Africa and the Americas.
The government of Portugal has reiterated that the ongoing privatization of TAP Air Portugal is being driven primarily by strategic national interests rather than financial motivations. Officials emphasized that TAP’s role in the country’s connectivity, tourism, and international presence outweighs its balance sheet when evaluating potential buyers.
TAP SGPS, the state-owned holding company of Portugal’s national airline TAP Air Portugal, has officially defaulted on a bond loan agreement with Azul Linhas Aéreas Brasileiras, the Brazilian airline that has long held a financial stake in TAP. The default was formally recognized during a meeting of debenture holders, convened at the request of Azul and its legal representatives,…
TAP Air Portugal has entered into a wet lease agreement for an Airbus A320, bearing serial number 4384, with Airhub Malta to support increased travel demand during the summer 2025 season. The aircraft will operate flights from Lisbon to key destinations including Paris-Orly, Madrid, and Barcelona.
TAP Air Portugal has announced its financial results for 2024, highlighting a net income of $58.0 million. This performance marks a stable year for the airline, with a modest increase in operating revenues of 0.7%, totaling $4.5 billion.
TAP Air Portugal could be forced to pay up to $300 million after a Supreme Court ruling sided with flight crew members dismissed during the airline’s restructuring plan. The legal decision represents a major financial and operational challenge for the carrier, potentially impacting its recovery strategy and financial stability.
TAP Air Portugal has successfully secured US$210 million in financing, with the debt maturing in 2029 and carrying an interest rate of 4.467%. This strategic financial move is part of TAP’s ongoing efforts to strengthen its capital structure and support its operational and strategic initiatives.
Air France-KLM, the Franco-Dutch airline group, has confirmed its intention to participate in the privatization process of TAP Air Portugal, the Portuguese national carrier. This announcement comes as the Portuguese government moves forward with plans to sell a stake in TAP, aiming to enhance the airline’s competitiveness and financial stability.
