Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

February 08, 2016 11:05 PM ET


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

Company Overview

TAP-Transportes Aereos Portugueses, SGPS, S.A. operates as an airline that provides passenger, cargo, and mail transportation services. It operates a fleet of aircraft to various destinations in Africa, South America, and Europe. The company also provides maintenance, repair, and overhaul services of aircraft, engines, and components to 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


Founded in 1945


351 21 841 5000


351 21 841 5774

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

Chairman of Executive Board and Chief Executive Officer
Age: 66
Engineering Director
International Relations and Alliances Manager
Compensation as of Fiscal Year 2015.

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

Efromovich Eyes Synergies As Bids For TAP

German Efromovich is bidding for TAP-Transportes Aereos Portugueses, SGPS, S.A. "It's another airline, it means more growth for us," Efromovich told Reuters on the sidelines of the International Air Transport Association's (IATA) annual meeting in Miami. "We have all kinds of synergies, the same alliance, the same fleet." The Portuguese government received improved offers for TAP from David Neeleman and German Efromovich consortiums and said it would take five days to analyze the bids. Efromovich said he couldn't comment on the details of the bid itself as the process is confidential.

Update On Privatization Of TAP

Portugal's center-right government said it is pushing ahead with privatization of TAP-Transportes Aereos Portugueses, SGPS, S.A. despite a court ruling the previous day suspending the process due to an administrative irregularity. Government spokesman Luis Marques Guedes said the cabinet had decided to maintain its privatization schedule for TAP, and said it was defying ruling by Portugal's highest administrative court with "a resolution establishing the necessity of protecting the public interest" by going ahead with the sale. The government resolution will be filed with the court, and "is justified by the urgency to continue the privatization process, which will allow the rapid recapitalization of the company," Guedes added. The move now leaves the two bidders for TAP are German Efromovich and David Neeleman until the end of June 5, 2015, to sweeten their initial offers and meet requirements outlined in the privatization plan.

Portuguese Court Suspends TAP Privatization

A Portuguese court ordered an interim suspension of TAP-Transportes Aereos Portugueses, SGPS, S.A.'s privatization two days before a key deadline in the process, a decision the government said it intends to appeal. The supreme administrative court ruled that the decree allowing for the privatisation was flawed, with the government not having planned a bidding process for the financial evaluation of the airline. Portuguese Prime Minister Pedro Passos Coelho announced that the government intended to appeal the interim suspension, which comes two days before the deadline for final offers from the two candidates. The two final candidates are German Efromovich and David Neeleman. Coelho said he will present "a resolution showing the necessity of pursuing" privatization.

Similar Private Companies By Industry

Company Name Region
Transportes Aereos Portugueses, S.A. Europe
TAP-Transportes Aereos Portugueses, SGPS, S.A. Europe
HI FLY S.A. Europe
Omni Helicopters International, S.A. Europe
British Airways Plc Europe

Recent Private Companies Transactions

June 11, 2015

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact TAP-Transportes Aereos Portugueses, SGPS, S.A., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at