TAP Air Portugal News

Bloomberg

High activity

Lufthansa and Air France-KLM submit binding bids for TAP Air Portugal 44.9% minority stake in Portugal’s privatization

Portugal’s state investment company Parpública is selling a 44.9% minority stake in TAP Air Portugal as part of a reprivatization process. Lufthansa Group and Air France-KLM have both entered the race with formal, binding offers, positioning TAP to strengthen Lisbon’s hub and Europe–Latin America and trans-Atlantic routes.

Aviation Source

TAP Air Portugal to add 24 Airbus aircraft by 2028 after restructuring

After completing its restructuring program, TAP Air Portugal plans to introduce 24 new Airbus aircraft over the next two years, expanding its fleet beyond prior limits set by the European Commission. The update points to a near-term acceleration in aircraft intake and capacity plans.

ch-aviation

High activity

TAP to restart Venezuela flights from July 13 via Valencia after June 24 earthquake closures

TAP Air Portugal will resume weekly flights to Venezuela starting Monday, July 13, routing services to Arturo Michelena Airport in Valencia because Maiquetía remains closed after the June 24 earthquakes. The first flight will carry more than 8 metric tons of medical humanitarian aid from Portugal, while Amazon Air support and USS San Antonio disaster-relief operations scale up logistics.

ch-aviation

TAP Air Portugal completes EU-approved 2021 restructuring plan after stake sales in Cateringpor and SPdH

TAP Air Portugal and the Portuguese government say the airline has fulfilled the final commitments under its restructuring plan agreed with the European Commission in 2021. The plan was executed following TAP’s sale of stakes in catering provider Cateringpor and ground handling firm SPdH.

ch-aviation

Portugal targets mid-2027 as deadline to complete TAP Air Portugal sale

Portugal is aiming to finalise the sale of TAP Air Portugal by mid-2027, keeping the privatization timetable in play. The milestone comes as the carrier’s potential strategic-partner pathway and bid evaluations have continued to evolve amid higher-cost pressures and geopolitical airspace risk.

Bloomberg

Borrowing accelerates for aviation as TAP Air Portugal and Athens airport add to “debt boom” amid Middle East risk

Athens International Airport SA and TAP Air Portugal are both moving to expand borrowing, adding to a record start for aviation-sector funding. The market backdrop is continued Middle East-related uncertainty, but easing tensions are supporting access to capital for airlines and airports.

ch-aviation

TAP Air Portugal: fuel-price shock not expected to derail privatization timetable; new investor targeted by October 2026

TAP Air Portugal does not expect today’s elevated fuel prices to derail its privatization process, with chairman Carlos Oliveira and CEO Luis Rodrigues saying both the airline and the Portuguese state are still targeting selection of a new investor by October 2026.

Reuters

TAP privatization stays on track despite jet-fuel shock as IATA warns airlines face higher fares and reduced capacity

TAP Air Portugal chairman Carlos Oliveira said rising fuel costs are not expected to derail the carrier’s privatization, with a strategic partner selection potentially by year-end. Speaking at the IATA AGM in Rio de Janeiro, airline leaders also cited post-pandemic pressure as fuel prices and Iran-linked airspace disruptions force capacity and fare trade-offs.