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TAP

TAP Has Until Wednesday 13 May to Defend Against Azul's €189 Million Action in the Tribunal de Lisboa — Brazilian Carrier Argues the 2016 Bond's Security Agreement Was Never Constituted, TAP SGPS Counters With a Suprimento Reclassification

TAP Has Until Wednesday 13 May to Defend Against Azul's €189 Million Action in the Tribunal de Lisboa — Brazilian Carrier Argues the 2016 Bond's Security Agreement Was Never Constituted, TAP SGPS Counters With a Suprimento Reclassification

TAP has until Wednesday 13 May to file its defence to Azul's €189 million civil action in the Tribunal da Comarca de Lisboa. The Brazilian carrier argues TAP never constituted the Security Agreement promised in the 2016 bond — a €90 million principal plus a decade of interest.
The Portugal Brief
TAP Closes the Sale of Its 49.9% Stake in SPdH Handling to Menzies — €3.2 Billion State Aid Plan Edges Toward Closure as the National Carrier Cuts Its Last Non-Core Equity Tie Ahead of the Privatisation

TAP Closes the Sale of Its 49.9% Stake in SPdH Handling to Menzies — €3.2 Billion State Aid Plan Edges Toward Closure as the National Carrier Cuts Its Last Non-Core Equity Tie Ahead of the Privatisation

TAP signed the contracts disposing of its 49.9% stake in SPdH ground-handling to Menzies on 7 May 2026, the last non-core equity tie under the 2021 EU Restructuring Plan covering €3.2 billion in State Aid. Closure subject to regulatory clearances; privatisation moves a step closer.
The Portugal Brief
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