Portugal’s TAP Airline is Growing, Although Still in the Red

Portuguese TAP airline is starting to fly high after its partial privatization, but the bottom line is a loss. Frustration is growing among shareholders.

RIO DE JANEIRO, BRAZIL - Many new planes, new routes, significantly more passengers - Portugal's formerly fully state-owned TAP airline has had a private management team for the past four years, under whose leadership it is growing faster than ever before.

This success story is not only disrupted by frequent flight delays, but also by red figures. The losses, in particular, are feeding discomfort among the government and the TAP holding's private shareholders.

According to the national media, the search for new partners for the airline, which was founded in 1945 and is a member of the Star Alliance . . .

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