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Aviation

TAP Books the Ex-CEO's €5.9 Million Indemnisation Claim Into the 2025 Accounts as a Civil Contingency — Civil Contingency Bucket Up From €28.5M to €34M, Auditor Disclosure With No Provision Set

TAP Books the Ex-CEO's €5.9 Million Indemnisation Claim Into the 2025 Accounts as a Civil Contingency — Civil Contingency Bucket Up From €28.5M to €34M, Auditor Disclosure With No Provision Set

TAP's 2025 accounts list Christine Ourmières-Widener's €5.9 million wrongful-dismissal claim as a civil contingency — recognised in disclosure, with no provision booked. The civil contingency line rises from €28.5M (2024) to €34M (2025), explicitly attributed to the former chief executive's case.
The Portugal Brief
Aviation Kerosene Set to Peak at $211.7 a Barrel in May — S&P Global Sees a 114% Two-Month Jump on Hormuz Disruption as Goldman Warns Europe's Jet-Fuel Stocks Could Drop to a 23-Day Cover and the Government Flags an End-August Shortage Risk

Aviation Kerosene Set to Peak at $211.7 a Barrel in May — S&P Global Sees a 114% Two-Month Jump on Hormuz Disruption as Goldman Warns Europe's Jet-Fuel Stocks Could Drop to a 23-Day Cover and the Government Flags an End-August Shortage Risk

S&P Global Ratings projects aviation kerosene will peak at $211.7 per barrel in May 2026 — up 114 percent in two months. Goldman Sachs sees Hormuz disruption taking 500,000 b/d offline with 23 percent of European jet-fuel exposure in play, and Lisbon has flagged an end-August shortage risk.
The Portugal Brief
Paulo Mirpuri, Founder of Air Luxor and Hi Fly, Has Died — A Lisbon Aviation Pioneer Who Built Portugal's Largest Charter Operator and the Conservation Foundation Behind It

Paulo Mirpuri, Founder of Air Luxor and Hi Fly, Has Died — A Lisbon Aviation Pioneer Who Built Portugal's Largest Charter Operator and the Conservation Foundation Behind It

Paulo Mirpuri died Saturday 2 May 2026. The Lisbon entrepreneur founded Air Luxor in 1988 (peak 2002: 1M passengers, €100M revenue) and Hi Fly in 2005, the charter and ACMI operator that put Portuguese widebodies on every continent and ran the only A380 in the world outside scheduled service.
The Portugal Brief
Saab Walks the Portuguese Defence Industrial Pitch Public — €5 Billion Over 20 Years for the Gripen E, OGMA in Final Assembly, Critical Software Building the Simulator and an RBS15 Naval Add-On Sweetener

Saab Walks the Portuguese Defence Industrial Pitch Public — €5 Billion Over 20 Years for the Gripen E, OGMA in Final Assembly, Critical Software Building the Simulator and an RBS15 Naval Add-On Sweetener

Saab walks its Portuguese defence-industrial pitch public: €5 billion over 20 years for the Gripen E, OGMA in Alverca on final-assembly potential, Critical Software on the AI simulator, Thyssenkrupp-Vangest-Kristaltek as suppliers — and the RBS15 anti-ship missile as a Marinha sweetener.
The Portugal Brief