TAP first-half loss widens to €99 million as fuel costs erase traffic gains
Portuguese carrier carried more passengers and improved load factor, but a 52% jump in second-quarter fuel costs hit earnings as its partial privatization moves forward
Airbus
Lufthansa begins construction of major MRO facility in Portugal amid TAP interest
New maintenance center will create 700 jobs as the German airline group expands its presence in the country
Venezuela suspends rights of six international airlines amid US tensions
Caracas withdraws permits for Iberia, TAP, Avianca, Latam Colombia, Turkish Airlines, and Gol after suspension of flights over security concerns
TAP will have at least 51% of its capital sold to private companies
Portuguese government announced initial conditions for future auction of the state carrier
Airbus is pressed by TAP and Azul to deliver first A330neo
New widebody jet, redesigned to be more efficient, has operation delayed several times