TAP Air Portugal wired €24.99M back to the Portuguese State this week as it closed out the Brussels-imposed 2020 restructuring plan. With the behavioural commitments lifted, the privatisation process can now move into its scoping phase across Q3-Q4 2026.
TAP Air Portugal completed the financial restructuring plan agreed with the European Commission in December 2021 and on 12 June 2026 reimbursed €24.99 million to the State through a capital reduction — the final balance owed under the €2.55 billion bailout deal.
Air France-KLM has stepped further into the open with the TAP Air Portugal bid, telling investors and Jornal de Negócios on 3 June that the Lisbon flag carrier represents the "última peça do puzzle" — the final piece of the puzzle — for the group's...
Tribunal arbitral sets 3 June general strike minimum services: CP runs at 25% of normal frequency, Carris keeps hospital-school Lisbon bus routes at 100% in peak hours, TAP operates 34 flights.
TAP's Manutenção e Engenharia unit has overtaken passenger transport as the carrier's top revenue line, ECO reported Friday 29 May. The MRO depth — Lisbon, Porto, Recife, Toulouse — is now the strategic lever Lufthansa, Air France-KLM and IAG are pricing into September's acceptance window.
The Ministério Público charged three suspects on 27 May with a 2015-2023 scheme that diverted uncertified aircraft components to TAP and Hi Fly — parts that posed 'medium or high' safety risks. Charges include criminal association, peculato and atentado against air-transport safety.
TAP cuts its Q1 2026 loss 63% to €39.9M as revenue lifts 11% to €914.4M and 3.7M passengers fly the Americas long-haul. Recurrent EBITDA returns to €95.5M and the load factor reads 83.5% as the binding-offer phase nears.
