TAP Portugal News Stories
March 4, 2013
Staff at Portugal's national airline TAP will strike on March 21-23, unions told the government on Monday, adding to growing protests against budget, pay and job cuts in the bailed out eurozone country.
December 20, 2012
Portugal said on Thursday it would postpone its long-awaited sale of debt-laden airline TAP after rejecting the sole bid by Colombian-Brazilian entrepreneur German Efromovich, but it still plans to beat its asset disposal target.
October 18, 2012
Portugal has named Synergy Aerospace, owned by Brazilian airline entrepreneur German Efromovich, as the sole potential buyer of its struggling national carrier TAP.
October 10, 2012
Portugal is doing better than expected with its sale of airport management company ANA and airline TAP due later this year, according to treasury secretary Maria Luis Albuquerque.
August 17, 2012
Portuguese airline TAP posted a net loss of EUR€112 million (USD$138 million) as seasonal trading, staff strikes and higher fuel costs hit the carrier.
August 2, 2012
Portugal on Thursday gave the go-ahead to the long-planned sale of airline TAP, saying it would prefer a buyer who would maintain its status as the country's flag carrier.
May 28, 2012
The Portuguese government has appointed advisers to sell off large parts of the country's aviation industry, the Financial Times has reported.
May 16, 2012
Lufthansa said on Wednesday it had no plans to veer from its cost-cutting path to focus on acquisitions but would still look at assets up for sale, such as Portugal's flag carrier TAP.
May 15, 2012
Lufthansa is interested in purchasing Portugal's flag carrier TAP that is set to be sold this year, the Financial Times reported on Wednesday.
April 17, 2012
Several international operators have expressed interest in the privatisation of Portuguese airline TAP, chief executive Fernando Pinto said on Tuesday.
March 22, 2012
Portuguese strikers halted trains, shut ports and paralysed most public transport on Thursday in protest at austerity measures and labour reforms imposed as a condition of a EUR€78 billion (USD$103 billion) EU-IMF bailout.
February 8, 2012
The sell-off of Portugal's aviation assets are likely to lure investors, after the successful sale of stakes in two major firms which defied the impact of the debt crisis, an advisor to the process said.