Latest news and stories about airline restructuring in Portugal for expats and residents.
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The party says that SATA has become, 'over the years, a true symbol of poor public management in the Azores', emphasising that the airline 'needs a structural decision, not a makeshift fix'.
On Monday the European Commission extended the deadlines for airlines SATA and TAP to complete the divestment of assets, a condition for the restructuring aid granted by the Government. In a statement, the EU Executive said it had accepted Portugal's request to extend the deadline until 31 December 2026 for the company...
Home News TAP to sell part of Cateringpor TAP to sell part of Cateringpor TAP has launched a public tender for the sale of 51% of Cateringpor, with a base price of 9. 57 million euros, as part of the obligations foreseen in the restructuring plan agreed with the European Commission.
TAP will reach the end of 2025, the scheduled date to conclude the restructuring plan agreed with Brussels, with much of the measures implemented but with commitments still outstanding, opening the door to a possible extension of the timetable.