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.
The U.S. Federal Aviation Administration has certified the Boeing 737-10, the newest and largest member of the 737 MAX family, paving the way for Boeing [NYSE: BA] to begin customer deliveri...
Airbus 2026 Cargo Global Market Forecast, unveiled at the Cargo Facts Symposium, predicts that the global fleet of dedicated freighter aircraft will expand by 46%, rising from 2,360 aircraft in 2026 t...
Cirrus Aircraft is celebrating the 10th anniversary of its Collier Trophy-winning Vision Jet at NBAA-BACE 2026, marking a decade of innovation that has continuously advanced the world&r...
The Tennessee Valley Authority is demonstrating the real-world value of the Tecnam P2012 Special Mission Platform (SMP), which has become a vital tool for monitoring and maintaining its...
