TAP Portugal Orders 53 Airbus Aircraft

November 13, 2015

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TAP Portugal has signed a firm order for 53 Airbus wide-body and single-aisle aircraft, worth USD$8.6 billion at list prices.

The order comes after Portugal's outgoing government gave final approval on Thursday for the sale of the loss-making airline to avoid its imminent collapse.

The approval was given despite objections by leftist parties that are opposed to the sale of the airline and could yet try to overturn the deal.

Airbus said that the TAP order consists of 14 A330-900neos, 15 A320neos and 24 A321neos.

Based on list prices, the deal is worth USD$8.6 billion.

As part of the agreement, TAP Portugal is replacing a previous order of 12 A350-900s with the A330-900neos, Airbus said.