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.
Azul believes that the $100 million debt owed by TAP Air Portugal since 2016 will be resolved soon, as both parties have acknowledged the obligation.
IAG (UK) has made a significant commitment to developing a hub in Lisbon if it successfully acquires TAP Air Portugal. This pledge highlights IAG’s intention to enhance the operational capabilities of TAP while strengthening Lisbon’s position as a key aviation hub in Europe. TAP Air Portugal has long been a crucial player in connecting Europe with South America and…
TAP Air Portugal has officially resumed its codeshare partnership with Air India, extending coverage to three services between Europe and Delhi. This renewed agreement strengthens connectivity for travelers between India and Europe, offering seamless travel options and enhanced network integration.
TAP Air Portugal has expanded its fleet with the delivery of a new Airbus A320neo, identified by serial number 12211. The aircraft is equipped with LEAP-1A26 engines, offering superior fuel efficiency and reduced environmental impact.
TAP Air Portugal, the nation’s flag carrier, is garnering significant attention ahead of its planned privatization in 2025. Among the interested parties is Humberto Pedrosa, a former shareholder and influential figure in TAP’s history, who has expressed readiness to reinvest in the airline.
TAP Air Portugal has reported a 35% decrease in net profit for the third quarter of 2024, totaling $124.1 million. This decline comes despite a 2% increase in operating revenues, which reached $1.35 billion during the same period.
Genesis, an Ireland-based aircraft leasing company, has completed a transaction with BOC Aviation of Singapore, acquiring three of the most sought-after narrowbody aircraft in the aviation market. This acquisition includes a Boeing 737-8 currently on lease to TUI in Germany, an Airbus A320 with Volaris in Mexico, and an Airbus A320neo leased to TAP Air Portugal. These aircraft are among the most liquid models in the narrowbody segment, reflecting Genesis’s…
TAP Air Portugal has announced the resumption of its flights to Porto Alegre, Brazil, starting April 1, 2025. The airline will operate three weekly flights on Tuesdays, Thursdays, and Saturdays, utilizing the Airbus A330-900neo aircraft. This decision comes after a suspension of international flights to Porto Alegre due to significant flooding in the Rio Grande…
The Portuguese Court of Auditors has identified non-compliance by Portugalia Airlines concerning the requirement for prior inspection on two amendments to an ACMI (Aircraft, Crew, Maintenance, and Insurance) contract. The Court determined that Portugalia, a subsidiary of TAP Air Portugal, neglected to follow procedural compliance by omitting required inspections before implementing contract modifications. Accountability for…
