TAP

Privatisation of Portugal’s TAP delayed, expected ‘before October’

LISBON, July 12 (Reuters) - The privatisation of Portugal's state-owned airline TAP will take place before October instead of starting in July as the government had originally planned, Infrastructure Minister…

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Lufthansa CEO says it’s premature to discuss possible takeover of Portugal’s TAP

By Joanna Plucinska and Tim Hepher ISTANBUL (Reuters) - Lufthansa's Chief Executive Carsten Spohr said on Sunday it was too soon to discuss the German airline group's potential interest in…

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Portugal wants to keep strategic stake in TAP privatisation

LISBON, June 2 (Reuters) - Portugal wants to keep a strategic stake in state-owned airline TAP and will not offer all its capital in the upcoming privatisation, the secretary of…

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Portuguese airline TAP narrows losses as passenger numbers recover

LISBON, May 11 (Reuters) - Portuguese airline TAP more than halved first-quarter net losses to 57.4 million euros ($63.19 million) as passenger numbers surpassed pre-pandemic levels, it said late on…

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Portugal’s government in hot water as TAP airline scandal deepens

By Sergio Goncalves LISBON (Reuters) - Portugal's government fired the chief executive of flag carrier TAP last month without a legal assessment of the move, Finance Minister Fernando Medina has…

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Portugal’s prosecutors investigate lease of Airbus planes by airline TAP

By Sergio Goncalves LISBON, Feb 17 (Reuters) - Portuguese prosecutors have launched an investigation into a complex leasing deal for 53 Airbus AIR.PA aircraft by flag carrier TAP in 2015, and two people familiar…

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Air France-KLM interested in Portugal’s TAP

PARIS, Feb 17 (Reuters) - Air France-KLM Chief Executive Ben Smith on Friday reiterated that the airline was interested in Portugal's soon to be privatized TAP, noting the carrier's strong…

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Portugal’s TAP says hackers stole, published passengers’ personal data

LISBON, Sept 22 (Reuters) - Portugal's flag carrier TAP told customers on Thursday that hackers had stolen some of their personal data and published it on the dark web, although…

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EU clears restructuring aid for Portuguese airline TAP

BRUSSELS (Reuters) - The European Commission said on Tuesday it had approved a 2.55 billion euro ($2.87 billion) Portuguese restructuring aid plan for TAP, along with 107.1 million euros to…

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EU probes 3.2 bln euro restructuring aid for airline TAP

EU competition regulators will investigate whether a 3.2-billion-euro ($3.8 billion) restructuring plan for ailing Portuguese airline TAP is proportionate and complies with EU state aid rules, the European Commission said…

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Pandemic-hit Portuguese airline TAP posts quarterly loss

Portugal's ailing airline TAP posted on Monday a first quarter loss of 365.1 million euros ($445.1 million) due to the impact of the COVID-19 pandemic on global travel and the…

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Portugal warns Ryanair will face consequences for opposing TAP aid

Ryanair’s relations with Portugal will suffer because of the Irish airline’s campaign to try to block state aid for struggling Portuguese rival TAP, Portugal’s infrastructure ministry warned. “Due to systematic…

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UPDATE: EU regulators approve 462 million euros loan for Portugal’s TAP airline

BRUSSELS, April 23 (Reuters) - The European Commission said on Friday it had authorised a loan of 462 million euros ($556.9 million) from the Portuguese government to airline Transportes Aereos…

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Portugal’s TAP may need more aid than planned in 2021, minister says

LISBON, Feb 14 (Reuters) - Portugal may have to provide more than the 500 million euros ($606 million) it budgeted for ailing airline TAP this year due to the worsening…

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Azerbaijan starts gas exports to Europe

Azerbaijan has started commercial natural gas supplies to Europe via the Trans Adriatic Pipeline (TAP), the energy ministry said on Thursday, beginning its push into the lucrative energy market dominated…

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Ryanair to challenge six state airlines in European court on State Aid

Ryanair has appealed to European Court of Justice, challenging state aid given by their respective countries to SAS, Finnair, TAP, Air France, KLM, and Lufthansa. The latest appeal was filed…

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Portugal’s TAP to resume 40% of pre-COVID flights in September

Portuguese airline TAP said on Monday it would resume 40% of its pre-coronavirus crisis operations in September, gradually restoring flights after travel demand collapsed in the pandemic. TAP was forced…

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Portugal seals final deal with TAP’s private shareholders

Portugal's government announced it sealed a final deal with private shareholders of ailing flag carrier TAP to take a controlling stake in the airline while avoiding nationalisation. "TAP is too…

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Talks on rescue loan for Portugal’s TAP airline ongoing

Portugal said it was negotiating with the private shareholders of airline TAP on a proposal to support the company and was prepared for all scenarios, following a media report the…

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