TAP Air Portugal News

Bloomberg • Joao Lima

Portugal's TAP Air Privatization Attracts Significant Interest

Portuguese Prime Minister Luis Montenegro announced that numerous companies are showing interest in acquiring shares of TAP SA, as the country moves forward with plans to privatize its state-owned airline. This development is a key step in the government's privatization strategy.

2024-10-08T14:51:30.729496-07:00

Air Data News

Azul Demands €90M Loan Repayment from TAP Air Portugal

2024-10-04T09:49:50.995371-07:00

Aviation Week

TAP Air Portugal Explores New U.S. and Canada Destinations

2024-09-25T05:43:39.803259-07:00

Bloomberg

Lufthansa Seeks Air Baltic Stake Ahead of IPO

2024-09-10T01:35:41.051322-07:00

TAP Air Portugal News Timeline

Bloomberg

Portugal's TAP Air Privatization Attracts Significant Interest Portuguese Prime Minister Luis Montenegro announced that numerous companies are showing interest in acquiring shares of TAP SA, as the country moves forward with plans to privatize its state-owned airline. This development is a key step in the government's privatization strategy.

2024-10-08T14:51:30.729496-07:00

Portugal's TAP Air Privatization Attracts Significant Interest

Air Data News

Azul Demands €90M Loan Repayment from TAP Air Portugal Azul Linhas Aéreas has officially notified the Brazilian Securities and Exchange Commission (CVM) about its demand for TAP Air Portugal to repay a 90 million euro loan. This financial matter highlights ongoing tensions between the two carriers amidst their broader strategic interactions.

2024-10-04T09:49:50.995371-07:00

Azul Demands €90M Loan Repayment from TAP Air Portugal

Aviation Week

TAP Air Portugal Explores New U.S. and Canada Destinations TAP Air Portugal is evaluating options for expanding its long-haul network. The airline is considering new destinations across the United States and Canada as it plans to enhance its North American routes and strengthen strategic partnerships in the region.

2024-09-25T05:43:39.803259-07:00

TAP Air Portugal Explores New U.S. and Canada Destinations

Bloomberg

Lufthansa Seeks Air Baltic Stake Ahead of IPO Lufthansa is exploring a potential investment in Latvia's state-owned airBaltic prior to its IPO. This move comes as part of Lufthansa's strategic expansion in Europe following its acquisition of a substantial stake in ITA Airways, highlighting ongoing consolidation trends in the airline industry.

2024-09-10T01:35:41.051322-07:00

Lufthansa Seeks Air Baltic Stake Ahead of IPO

Aviation Week

TAP Air Portugal Opens Unique Lisbon-Florianópolis Route Amid Record Europe-Brazil Growth TAP Air Portugal has launched a new service connecting Lisbon with Florianópolis, marking the sole direct route between Santa Catarina's capital and Europe. This expansion aligns with the burgeoning Europe-Brazil market, where capacity has reached unprecedented levels, reinforcing TAP's strategic network growth.

2024-09-05T07:43:05.932249-07:00

TAP Air Portugal Opens Unique Lisbon-Florianópolis Route Amid Record Europe-Brazil Growth

Simple Flying

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Lufthansa Aims for 19.9% Stake in TAP Air Portugal to Avoid EU Approval Lufthansa is pursuing a 19.9% stake in TAP Air Portugal as part of TAP's privatization effort, allowing the German airline to bypass the need for European Commission approval. CEO Carsten Spohr will meet with Portuguese officials to discuss potential investment strategies.

2024-09-01T05:36:16.878240-07:00

Lufthansa Aims for 19.9% Stake in TAP Air Portugal to Avoid EU Approval

Breitflyte

TAP Air Portugal Achieves €72.2 Million Profit in Q2 2024 TAP Air Portugal reported a net profit of €72.2 million in the second quarter of 2024, driven by a 3.3% year-over-year revenue increase. The airline carried 7.7 million passengers in the first half of the year, supporting a positive financial trajectory and consistent debt reduction.

2024-08-30T05:20:57.812932-07:00

TAP Air Portugal Achieves €72.2 Million Profit in Q2 2024

Reuters

TAP Air Portugal Q2 Profit Drops 10% Amid Brazilian Real Losses TAP Air Portugal posted a net profit of €72.2 million in Q2, a 10% decline due to foreign exchange losses from Brazil's currency devaluation, despite boosted operating income. Total profit for the first half was only €0.4 million, reflecting significant financial challenges.

2024-08-29T05:12:35.112621-07:00

TAP Air Portugal Q2 Profit Drops 10% Amid Brazilian Real Losses

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