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May 06, 2015 3:20 AM ET

Airlines

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

Company Overview

TAP-Transportes Aereos Portugueses, SGPS, S.A. provides passenger, cargo, and mail transportation services. It operates a fleet of Airbus aircraft to various destinations in Africa, North America, South America, Latin America, and Europe. 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. TAP-Transportes Aereos Portugueses, SGPS, S.A. operates as a subsidiary of PARPÚBLICA - Participações Públicas, SGPS, S.A.

Aeroporto de Lisboa

Ed. 25 - R/C Dir.

Lisbon,  1704-801

Portugal

Founded in 1945

Phone:

351 70 720 5700

Fax:

351 21 841 6572

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

Chairman of Executive Board and Chief Executive Officer
Age: 65
Engineering Director
International Relations and Alliances Manager
Compensation as of Fiscal Year 2014.

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

TAP and Ethiopian Airlines Sign Codeshare Agreement

TAP and Ethiopian Airlines have signed a code-share agreement and will be soon introducing code-share services between Portugal and Ethiopia. These flights will be made available for bookings through both carriers own websites as well as via the worldwide reservations systems, as soon as all required regulatory approvals are completed. The code-share agreement will include services operated and marketed by both carriers via connecting flights to African and European destinations. With this agreement, the two airlines will combine the strength of their respective networks in Europe and in Africa to offer customers convenient and seamless connectivity options when travelling between Portugal and Ethiopia as well as access to Ethiopian and TAP's operated flights with diverse and improved service options. As Star Alliance carriers, frequent flyer program members of the two airlines are already earning and redeeming miles on each other's flights. Additionally, Ethiopian and TAP have reciprocal frequent flyer benefits, including lounge access. In order to offer their customers a wide range of service options, both in terms of gateways and destinations, Ethiopian and TAP pledge to continue looking at future possibilities to further extend the scope of their code-share. The code-share agreement will include services operated and marketed by both carriers via connecting flights to African and European destinations. With this agreement, the two airlines will combine the strength of their respective networks in Europe and in Africa to offer customers convenient and seamless connectivity options when travelling between Portugal and Ethiopia as well as access to Ethiopian and TAP's operated flights with diverse and improved service options. As Star Alliance carriers, frequent flyer program members of the two airlines are already earning and redeeming miles on each other's flights. Additionally, Ethiopian and TAP have reciprocal frequent flyer benefits, including lounge access. In order to offer their customers a wide range of service options, both in terms of gateways and destinations, Ethiopian and TAP pledge to continue looking at future possibilities to further extend the scope of their code-share.

Update On Privatization Of TAP

The Portuguese government on February 4, 2015 nominated the three members of a special commission to supervise the privatization process of TAP-Transportes Aereos Portugueses, SGPS, S.A. (TAP), according to Portuguese Lusa News Agency. The president of the commission is Joao Augusto Cantiga and other two members of the commission are Jose Manuel Morais Cabral and Duarte Manuel Pitta Ferraz.

TAP Employees Demand For Terms Of TAP's Sale

Employees of TAP-Transportes Aereos Portugueses, SGPS, S.A. demanded for access to the terms of TAP's sale as part of its privatization process. In a letter directed to the Portuguese Minister of Economy Antonio Pires de Lima, the employees said they wanted access to the contract documents in order to "be informed about the whole process of TAP's privatization," according to local media. The employees also complained they did not receive the documents of the terms in 2012, when the government decided to stall the sale because the sole bidder didn't meet necessary banking requirements on time.

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