TAP Air Portugal will resume weekly flights to Venezuela, utilizing Valencia's Arturo Michelena Airport as an alternative to the Simón Bolívar Airport in Maiquetía, which is closed due to earthquake damage.
TAP Air Portugal has successfully concluded a €350 million issuance of senior bonds, maturing in 2031. The operation achieved the company's lowest-ever credit spread and was oversubscribed by investors, indicating strong market confidence.
TAP Air Portugal has concluded its restructuring plan, which involved the sale of its handling and Cateringpor units, the return of €25 million to the state, and a capital reduction to absorb past losses ahead of its privatization.
A phantom company run by a former DJ reportedly defrauded the global aviation industry of 8 million euros by selling stolen parts back to TAP Air Portugal. A TAP employee and two Portuguese businessmen are accused of receiving over 1 million euros in kickbacks.
TAP Air Portugal's maintenance division reported record revenues of 264 million euros in 2025, generating a profit of 10.3 million euros by servicing aircraft for major airlines like Air France, Lufthansa, and Delta, in addition to its own fleet.
TAP Air Portugal is allowing free flight rescheduling until June 15, applicable across all its operational markets, provided the change is made within the original ticket's validity and at least seven days before the outbound flight.
The Portuguese Public Prosecutor's Office (PGR) has issued an alert regarding fraudulent emails impersonating TAP Air Portugal, offering fake financial compensation for flight delays and directing victims to a phishing site to steal banking details.
TAP Air Portugal has resumed its Lisbon-Caracas flights, which were suspended in November due to a US security alert, marking the 50th anniversary of the route and adding a new weekly direct flight to Funchal in July.
IAG, the parent company of British Airways, is leaning towards abandoning its pursuit of TAP Air Portugal, having warned the Portuguese government it will only bid for the airline if majority ownership rules are relaxed.
TAP Air Portugal has launched a new route from its Porto hub to Praia, Cape Verde, with the airline expressing intentions to establish Porto as a new hub.
TAP Air Portugal has announced that passengers can alter flights to and from Caracas, while assuring that its crew members are safe amidst ongoing travel disruptions.
TAP Air Portugal's administration presented a new strategy to employees, aiming for the airline to become the preferred carrier between Europe and the Americas by 2035, including measures like 'smarter fares'.
TAP Air Portugal is reportedly losing its strategic market due to competition from LATAM and Iberia on Brazil-Europe routes, poor airport experience, and refusal of slots to other airlines.
Portuguese municipalities have requested clarification on the funding of the national Recovery and Resilience Plan (PTRR). This request comes amid broader discussions about the plan's implementation pace and other government economic priorities, including the contrasting urgency of the TAP Air Portugal sale.
TAP Air Portugal's annual profit decreased to €4.1 million last year, impacted by a €51 million loss in the final quarter of 2025 due to an extraordinary factor. The airline, currently undergoing privatization, aims to strengthen its leadership in Brazil.
Air France-KLM and Lufthansa have both submitted bids for a minority stake in Portugal's national carrier TAP, as the airline's privatization process continues with two main competitors.
TAP Air Portugal announced new flights to Florida (Orlando), Curitiba, and Maranhão, along with increased services to Porto and the return of routes to Caracas and Tel Aviv, set to launch in the autumn.
Brussels has confirmed the conclusion of TAP Air Portugal's restructuring plan to the Portuguese government, which is expected to bring greater predictability and clarity to the airline's privatization process.
TAP Air Portugal has increased its debt offering to €350 million, up from the previously announced €300 million, with a fixed interest rate of 4.750% and maturity in 2031. The liquidation is scheduled for June 26, exclusively for professional investors.
TAP Air Portugal has reported a significant reduction in its first-quarter losses, which fell to 39.9 million euros. The airline also saw a decrease in fuel costs during the same period.
The privatization of TAP Air Portugal is not currently affecting the airline's daily operations, but there are risks for the carrier if it is not integrated into a larger aviation group.
The privatization of TAP Air Portugal is being discussed, with Air France-KLM identified as a potential strategic partner to enhance commercial, financial, and prestige aspects.
Portugal's Minister of Infrastructure, Miguel Pinto Luz, expressed confidence in the privatization of TAP Air Portugal, stating the company should be sold even with a single binding offer, despite IAG's withdrawal from the bidding process.