The Associated Press.
The Portuguese government says it has agreed to buy 50 percent of the country's carrier TAP Air Portugal for 1.9 million euros ($2.1 million).
Speaking after a signing ceremony Saturday, Humberto Pedrosa, who heads the Atlantic Gateway consortium that held 61 percent of the airline, said the deal would leave it holding a 45 percent stake in TAP, with the remainder of the shares available to workers.
Prime Minister Antonio Costa, Planning and Infrastructure Minister Pedro Marques and Finance Minister Mario Centeno were at the ceremony in Lisbon.
Costa is under pressure to deliver on his election promise to roll back the previous administration's privatizations.
On Jan. 7, the Cabinet announced it was annulling the concessions to run bus and subway services in Lisbon and Porto.
Asco, a subsidiary of Montana Aerospace AG, achieves significant technological milestone in the development of a hybrid multi-material Rear Secondary Structure for Airbus. Montana Aerospace,...
Qantas Freight and Australia Post have entered the next chapter of their long-standing partnership with the arrival of the first of three additional Airbus A321 Passenger-to-Freighter (A321P2F) aircra...
In business aviation, exceptional service is defined by attention to detail, and few amenities reflect that more clearly than premium catering. At the intersection of hospitality and private aviation,...
Viasat has significantly expanded the capacity of its JetXP in-flight connectivity service across the United States, delivering up to five times more bandwidth for business aviation customers equipped...
