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Posts tagged as “TAP-Air Portugal”

TAP to Receive 970 Million Euro Government Cash Injection

According to the recently released Stability Programme (PE), the Government of the Republic plans to inject 970 million euros into TAP this year, a measure classified as temporary and whose effect on public accounts will be reversed in 2022 and 2023.  After the injection of this money during 2021, the Government forecasts that the effect of 170 million euros of this operation will be reversed in 2022, estimating the same for the remaining 800 million euros in 2023.

Vaccines Arrive

A further batch of 5,850 Pfizer arrived yesterday on a TAP flight.  The vaccines are currently stored at an airport warehouse, and will be transported under Public Security Police (PSP) guard to the the Dr. Nélio Mendonça Hospital tomorrow morning.  

TAP – Lisbon Hub Restructure – Could Lead to Disaster

n the 4th of September, officials from seven unions representing TAP workers met with Board of Directors of TAP and representatives of the Boston Consulting Group (BCG), the consultants chosen by the carrier to coordinate the restructuring plan required by the European Commission as part of the conditions of the state loan to the airline.   

European Commission Challenged on TAP Loan

MEP and Transport and Tourism Committee member, Cláudia Monteiro de Aguiar,  wrote to the European Commission (EC) this week, a letter which has been endorsed by the entire PSD (Social Democrat) delegation, asking the EC to provide answers as to why the the Government of Portugal was given the 'green light' to grant TAP - Air Portugal a loan totalling 1,200 million euros.

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