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New CEO of TAP stresses importance of continuing restructuring

New CEO of TAP stresses importance of continuing restructuring
By TPN/Lusa,
in News, Business ·
27-06-2021 10:00:00 · 0 Comments
TAP s new chief executive officer (CEO), Christine Ourmières-Widener, who takes office on 25 June, said she is well aware of the challenges and believes in the importance of continuing the restructuring plan.
I am well aware that Covid-19 has been and will continue to be a challenge for our industry, that the last year has been particularly difficult for TAP and its employees, and that we are living through a crucial moment for TAP, which we will overcome together, just like other challenges in the past. That is why I believe it is very important that we continue with the general strategy and the implementation of the restructuring plan, she said in a video mes ....

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TAP: Fleet renegotiations to save €1.3 billion by 2025

TAP: Fleet renegotiations to save €1.3 billion by 2025
The CEO of TAP, Ramiro Sequeira, said on 23 February that fleet renegotiations, which include postponing the delivery of Airbus aircraft, will lead to savings of 1.3 billion Euros by 2025.
TAP has achieved savings of 1.3 billion Euros by 2025 with all the negotiations from a fleet point of view and, from a supplier point of view, is guaranteeing a projection of between 200 and 225 million Euros a year also in savings, said Ramiro Sequeira, who is being heard in the Portuguese Parliament, at the Economy, Innovation, Public Works and Housing commission, at the request of the PSD and the Liberal Initiative. ....

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Travel Alert: TAP suspends 93% of international operations - Portugal

Posted on 18 February 2021.
TAP Air Portugal has announced the suspension of 93% of its international operations, effective February 18 to March 30, above the 73% reduction previously forecast.
TAP chairman of the Board of Directors, Miguel Frasquilho and the chairman of the Executive Committee, Ramiro Sequeira, informed that, given the new COVID’19 travel restrictions and “a further drop in demand,” TAP decided “to suspend 93% of the total of its operation.” As a result, TAP anticipates to lay off 458 pilots.
It was also stated that TAP will maintain most domestic flights such as connections between Lisbon, Porto, Madeira and the Azores, and destinations with large Portuguese communities. ....

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TAP reduces capacity by 71 percent

TAP reduces capacity by 71 percent
By TPN/Lusa,
in News ·
22-12-2020 12:00:00 · 3 Comments
TAP reduced capacity by 71 percent and the number of flights by 72 percent in November, compared to the same period in 2019, said the company s executive president, Ramiro Sequeira.
“If we look at November 2020, TAP reduced its capacity by 71 percent, compared to November 2019”, said Ramiro Sequeira, in the letter to which Lusa had access, which gives an account of the disclosure of the third operational factsheet (document with operational information), which TAP started making available in October, with updated information on the pandemic and projections and studies on the industry worldwide, as well as the respective impact on its operation. ....

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