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TAP Air Portugal

Company

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Source: Pedro Aragão

Copyright: CC 3.0

TAP Air Portugal is the flag carrier airline of Portugal, headquartered at Lisbon Airport which also serves as its hub. TAP - Transportes Aéreos Portugueses - is a member of the Star Alliance since 2005 and operates on average 2,500 flights a week to 87 destinations in 34 countries worldwide. The company has a fleet of 90 airplanes, 68 of which were manufactured by Airbus and the remaining 22 by Embraer and ATR, operating on behalf of the regional airline TAP Express.
In June 2015 the company was semi-privatised and became majority-owned by the Atlantic Gateway Consortium, led by David Neeleman, who founded JetBlue, Azul and co-founded WestJet Airlines, together with Portuguese entrepreneur Humberto Pedrosa. The Atlantic Gateway Consortium purchased 61% of the carrier from the government of Portugal on 24 June 2015, with an option to buy the Portuguese government's remaining 34 percent stake in 2018. This deal has been surrounded in controversy because it was completed at the end of the center-right government's mandate with wide opposition from TAP employees. On October 2015, a new left-wing government has sought to return majority control of the airline to the state, having signed in February 2016 a deal with the private consortium, which indicates that the company is 50% owned by the Portuguese state, 45% by the Atlantic Gateway Consortium and 5% available shareholder to collaborators and employees of TAP.

Source: Wikipedia.org

Copyright: CC 3.0

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Address

Lisbon
Portugal

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