TAP concluded the sale of its 51% stake in Cateringpor to the Swiss group Gate Gourmet for 1.78 million euros on Monday, April 13. Gate Gourmet, which already held the remaining shares, was the sole bidder for the company. The sale was part of the restructuring plan agreed with the European Commission, and the proceeds will revert to the Portuguese State. The deal includes a five-year catering services contract with TAP.
TAP sells stake in Cateringpor to Swiss company Gate Gourmet
Monday, 13 April 2026RSS
Context & Explainers
TAP Air Portugal is Portugal’s flag-carrier airline, founded on 14 March 1945 as Transportes Aéreos Portugueses. It began operations in 1946 with Lisbon–Madrid and quickly opened the long “Linha Aérea Imperial” to Angola and Mozambique, symbolically linking mainland Portugal to its overseas territories. TAP entered the jet age in the 1960s, became Europe’s first all‑jet airline in 1967, and rebranded as TAP Air Portugal in 1979. Nationalised after the 1974 Carnation Revolution, it went through cycles of partial privatisation and renationalisation, remaining a strategic state‑controlled company due to its role in connectivity, tourism, exports, and the Portuguese diaspora, especially to Brazil, Africa, and North America. Today TAP operates an all‑Airbus fleet from its Lisbon hub, marketing itself as a bridge between Europe, Africa, and the Americas and as a key economic and symbolic asset for Portugal.
