September 26, 2016 4:26 AM ET

Airlines

Company Overview of TAP-Transportes Aereos Portugueses, SGPS, S.A.

Company Overview

TAP-Transportes Aereos Portugueses, SGPS, S.A. operates as an airline company. It offers passenger and cargo transportation services. The company operates its flights to various destinations, including Africa, South America, and Europe. In addition, it offers aircraft maintenance, repairs, and overhaul services for third party customers. TAP-Transportes Aereos Portugueses, SGPS, S.A. was formerly known as TAP Air Portugal S.A. and changed its name to TAP-Transportes Aereos Portugueses, SGPS, S.A. in March 2005. The company was founded in 1945 and is based in Lisbon, Portugal.

Aeroporto de Lisboa

Ed. 25 - R/C Dir.

Lisbon,  1704-801

Portugal

Founded in 1945

Phone:

351 21 841 5000

Fax:

351 21 841 5774

Key Executives for TAP-Transportes Aereos Portugueses, SGPS, S.A.

Chairman of Executive Board and Chief Executive Officer
Age: 67
Engineering Director
International Relations and Alliances Manager
Compensation as of Fiscal Year 2016.

TAP-Transportes Aereos Portugueses, SGPS, S.A. Key Developments

TAP Portugal Introduces New Service from New York’s JFK and Boston's Logan with Stopover Program

U.S. travelers to Europe can now include a free visit to Portugal to their travel plans with new daily nonstop service from both New York’s John F. Kennedy International and Boston’s Logan International airports. TAP Portugal serves 45 European destinations from the US, via Lisbon, at fares starting from just $799. Travelers can stay up to three nights on their stopover in Lisbon and even add a free domestic flight to Porto also. The new daily flights from Boston start on June 11 while the new JFK daily flights commence on July 1. Both will be operated with new Airbus A330 aircraft. TAP also serves Lisbon from Miami and from Newark which also become daily service this summer. Additionally, TAP serves Oporto twice weekly from Newark. The Stopover program is available on all flights and all routes.

TAP Portugal Signs Agreement with Airbus to Operate A330neo Airliner

TAP Portugal has signed an agreement with Airbus to be the first operator of the new A330neo airliner and therefore also become the launching carrier to fly the Airspace by Airbus cabin brand in the A330neo. TAP has also placed orders for the latest generation of A320neo and A330neo Families. The A330-800neo and the A330-900neo are two new members of the Airbus Widebody Family launched in July 2014 with first deliveries scheduled to start at the end of 2017. In addition to its new Airspace cabin interior, the A330neo also incorporates latest generation Rolls-Royce Trent 7000 engines and aerodynamic enhancements.

Transportes Aereos Portugueses, SGPS Reports Earnings Results for the Year 2015

Transportes Aereos Portugueses, SGPS reported earnings results for the year 2015. For the year, the company reported net loss of EUR 99 million. Total revenue of EUR 2,398 million, which compares with the EUR 2,489 million revenue posted in 2014.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
February 24, 2016
--
Merger/Acquisition
February 6, 2016
--
 

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