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.
High Flying Hangars celebrated the groundbreaking event at its development now in progress at the Frederick Municipal Airport in Maryland (KFDK). Frederick City Mayor Michael O’Connor; Airport M...
Embraer and OGMA have successfully completed the first scheduled 24- month maintenance of a C-390 Millennium aircraft operated by the Hungarian Air Force. The work was carried out at OGMA’s faci...
Tecnam announced the appointment of Altair Solutions as its Official Maintenance, Training and Certified Pre-Owned Partner, reinforcing its long-standing commitment to customer excellence an...
Avora Aviation appointed as official Tecnam Dealer for Balkan region, representing the brand in Bulgaria, Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Kosovo, North Macedonia, Albania, and...
