Azul Seeks Resolution of TAP’s $100 Million Debt Before Privatization
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 Pledges Lisbon Hub Development If It Acquires TAP
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 Resumes Codeshare Partnership with Air India
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 Adds A320neo to Fleet
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 Privatization Attracts Interest from Former Owner Humberto Pedrosa
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’s Q3 2024 Profit Declines Amid Rising Costs
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 Acquires Three Narrowbody Aircraft from BOC Aviation
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 to Resume Porto Alegre Flights in April 2025
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…
ACMI | Airlines | Crisis | Legal | Management
Portugalia and TAP’s Former CEO Cited by Portuguese Court of Auditors for Contract Non-Compliance
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…
Brazilian Government Open to Facilitate TAP-Azul Debt Agreement Without Direct Intervention
Brazil’s government has indicated willingness to facilitate an agreement between TAP Air Portugal and Brazil’s Azul regarding a €200 million debt but emphasized no governmental interference. Silvio Costa Filho, Brazil’s Minister of Ports and Airports, reiterated this stance following discussions in Lisbon with Portuguese officials, including Miguel Pinto Luz, Portugal’s Minister of Infrastructure. Both governments…