TAP Air Portugal Pushes Ahead With Restructuring

Credit: Rob Finlayson
TAP Air Portugal is making headway with its turnaround, phasing out five older aircraft and cutting its workforce by 16%, as it awaits a European Commission (EC) ruling on its restructuring plan. During the 2021 first half (H1), TAP narrowed its net loss by 15.3% to €493.1 million ($581.8 million)...

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