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Old October 18th, 2012, 06:13 PM   #1
Pedro EM
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✈ | TP | TAP Portugal

Portugal picks Synergy for final TAP airline bid
* No deadline yet, deal seen by year-end
* Synergy's Efromovich controls several Latam carriers
* Brazilian routes TAP's main selling point
Reuters
http://www.reuters.com/article/2012/...121018?rpc=401

Thu Oct 18, 2012 10:42am EDT
LISBON- Portugal on Thursday named Synergy Aerospace, owned by Brazilian airline entrepreneur German Efromovich, as the sole potential buyer of its struggling national carrier TAP.
The sale of TAP, which is weighed down with an estimated 1.2 billion euros of debt, is part of a disposal of state assets required under Portugal's 78 billion-euro EU/IMF bailout.
Through Synergy, Efromovich controls Colombia's Avian airline, AviancaTaca, a tie-up with El Salvador's Tack, as well as the separately-operated Avian Brazil.
The AviancaTaca group is one of Latin America's leading commercial carriers with more than 100 routes in 14 countries.
State Secretary for Transport and Public Works Sergio Monteiro said Portugal would work on a binding bid with Synergy. The government hopes to seal a deal by the end of the year and complete it in the first quarter of 2013.
Monteiro said 10 companies showed interest in the privatisation, but did not name them. Previously, British Airways owner International Airlines Group (IA) and Germany's Lufthansa AG had expressed interest.
Efromovich's aggressive growth plans in Latin America have piled pressure on Brazil's two biggest carriers, Gold Lin has Aeneas and the TAM unit of regional group LAT Airlines.
Analysts say TAP's routes to Brazil -- Latin America's largest country and a former Portuguese colony -- are its key selling point.
The airline, with a fleet of 55 Airbus aircraft, carried 9 million passengers last year.
As part of the privatisation process, Portugal has already sold large stakes in its two electricity companies.
The government is also preparing to sell its ANA airport handling company by year-end.
Experts believe TAP's sale is unlikely to generate much new cash for the state as the proceeds would have to pay off its debts.
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Old October 21st, 2012, 01:30 PM   #2
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The Portuguese government has announced that the Brazilian group retained Synergy Aerospace, which controls Avianca-Taca and Avianca Brazil, the privatization of the airline TAP Portugal.

The announcement of 18 October 2012 by the Ministry of Transport has confirmed the South American group as the only possible buyer the national airline, whose privatization was a condition to the bailout of 78 billion euros provided by the Union European and IMF (Portugal's airports must follow the same path). This sale could bring in some $ 500 million to the state, even if TAP Portugal has lost 112 million euros in the first half and faced a debt of over one billion. Financial details of the acquisition should be finalized by the end of the year, for a formalization of the sale in the first quarter of 2013.

The move will allow Avianca - Taca, which operates to more than one hundred destinations including Madrid and Barcelona, ​​have dozens of access points in Europe via Lisbon airport. TAP Portugal serves 46 destinations on the continent, but its strength lies also in the 74 weekly flights to Africa and especially Brazil - Brazil where Avianca flies to 24 destinations from its two bases in Sao Paulo and Rio de Janeiro. Both parties are members of Star Alliance.

Based in Bogota, the group Avianca - Taca change its name at the beginning of next year, leaving only the name of the Colombian national carrier. It ranks third income in Latin America, behind LATAM (born of the merger between LAN and TAM Brazilian Airlines) and low cost Brazilian GOL.

TAP Portugal transported 4,710,000 passengers between January and June 2012 (5%). It shares with other codes between TAM Brazilian Airlines, Aegean Airlines, Austrian Airlines, Air China, Croatia Airlines, LOT Polish Airlines, Turkish Airlines, airBaltic, Alitalia and Ukraine International Airlines.
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Old October 22nd, 2012, 12:44 AM   #3
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TAP Portugal European and world wide flight network



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Old December 17th, 2012, 02:51 PM   #4
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TAP Portugal recognised at World Travel Awards

TAP Portugal has been recognised at the Grand Final of the 2012 World Travel Awards, taking home the award of World’s Leading Airline to South America.
This marks the fourth consecutive year TAP Portugal has received the accolade, which is voted for by travel industry professionals and consumers across 171 countries worldwide.
TAP Portugal offers 74 weekly flights from the UK to Brazil, via Lisbon, Portugal, making it the most frequent flyer to the country.
Not only does TAP offer an extensive range of destinations, it also makes convenient onward connections throughout Brazil with Star Alliance partner TAM.
The open-jaw flights provided by TAP allow travellers to Brazil to maximise their travel experience through being able to fly out from a different airport to their arrival.
The World Travel Awards is regarded as one of the most prestigious marks of excellence in the travel and tourism industry.
The Grand Final Gala Ceremony took place in New Delhi, India, marking the end of a year long search for the most popular travel and tourism brands of the past year.
Regional heats took place in destinations including Singapore, Dubai and Portugal.

More info at Travel News
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Old December 19th, 2012, 03:28 AM   #5
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Great!
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Old September 28th, 2013, 03:26 PM   #6
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TAP to launch Manaus and Belem in Brazil

According to portuguese media, TAP is in final stages of leasing 2 new long haul aircraft.
TAP officials said that when that is done, they are ready to launch MAO and BEL.
Article also mentions of 2 other smaller aircraft will be leased.


http://www.presstur.com/site/news.asp?news=43895
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Old November 26th, 2013, 05:49 PM   #7
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TAP has also started flying five times a week between LIS and Boa Vista, Cape Verde. Manaus and Belem will be done in one haul with a news A330 I believe.
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Old December 14th, 2013, 06:42 PM   #8
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It is confirmed! TAP Portugal will start flying to 10 new destinations in 2014!

The 10 new routes are:

Europe:
Nantes, France
Hannover, Germany
Gothenburg, Sweden
Belgrade, Serbia
Tallinn, Estonia
St. Petersburg, Russia

South America:
Manaus, Brazil
Belém, Brazil
Bogota, Colombia

Central America:
Panama City, Panama



In 2014 TAP will fly to 88 different destinations worldwide.
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Old December 14th, 2013, 07:40 PM   #9
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Nice job TAP for adding new routes next year. I was looking at the route maps and saw that they do not serve Istanbul at all. That is a major hole in their route network. You have two star alliance hubs and one is growing very rapidly. Is there any plans to open a route to the middle east or to Asia or more to the americans? Like to Dubai or Beijing or any other routes.
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Old December 14th, 2013, 08:17 PM   #10
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That's quite a notable expansion. Wasn't TAP not in the best financial position last year?
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Old December 14th, 2013, 08:32 PM   #11
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Dissapointed BHX (Birmingham, UK) is not added as a TAP Route, maybe 2015 ???
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Old December 15th, 2013, 04:09 AM   #12
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Quote:
Originally Posted by GTR66 View Post
Nice job TAP for adding new routes next year. I was looking at the route maps and saw that they do not serve Istanbul at all. That is a major hole in their route network. You have two star alliance hubs and one is growing very rapidly. Is there any plans to open a route to the middle east or to Asia or more to the americans? Like to Dubai or Beijing or any other routes.
GTR66, Istanbul-Lisbon is served daily by Turkish Airlines.
Turkish Airlines also announced their intention to open Istanbul-Porto flights in 2014. But we have no news yet...
Regarding Asia, in the 90's TAP had flights to Bangkok, Macau and Telaviv. Dubai is served also daily by Emirates.
With the arrival of new A350, some destinations in Asia could be open. As far as I read on national foruns, Tokyo, Beijing and Mumbai are on the list... To America, people talk about destinations such as Chicago, Washington and the return to Toronto, Montreal and Boston. But there are not enough planes available for such expansion.


Quote:
Originally Posted by deasine View Post
That's quite a notable expansion. Wasn't TAP not in the best financial position last year?
Indeed financial position isn't the best. If you look just for flight operations, TAP is profitable. However, after buying former Varig maintenance company, this sector became a headache... TAP has its own maintenace company, TAP Maintenance & Engineering. It has one main centre in Portugal and two in Brazil. The Brazilian section is recovering and been restructured, but profits aren't yet enough.


Quote:
Originally Posted by Brum X View Post
Dissapointed BHX (Birmingham, UK) is not added as a TAP Route, maybe 2015 ???
Birmingham, as well as Edinburgh, are good candidates for a next expansion!
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Old December 16th, 2013, 05:35 PM   #13
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TAP airplane making an emergency landing at Gander International Airport (Canada)


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Old December 17th, 2013, 12:16 AM   #14
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Due a medical emergency!
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Old July 1st, 2014, 09:38 PM   #15
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TAP begins services to Belgrade



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Old March 31st, 2015, 12:46 PM   #16
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@ LIS



http://spotters.net.ua/file/?id=101368&size=large
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Old April 2nd, 2015, 03:14 AM   #17
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Are they coming back to Belgrade at least for the summer?
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Old April 3rd, 2015, 12:20 PM   #18
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After 5 years of profit TAP closed 2014 with a loss of nearly 50 million €
http://portugalresident.com/tap-brea...losses-in-2014

Too much of expansion the last year?
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Old May 15th, 2015, 05:22 AM   #19
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Today I saw the news on German television DW saying that tomorrow if the government decides to privatize or not Portugal TAP, which has a large resistance from the employees of the airline. They also said that interested bidders are two clusters in Latin America: Avianca and who else will be ?. Previous records show that the owner of Avianca conglomerate is more than interested.
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Old June 11th, 2015, 03:48 PM   #20
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The portuguese media is announcing that the portuguese government as already decided the winner of 61% of TAP`s capital, and it is: AZUL



A portuguese forumer made these two maps of the international connections of the two competitors for TAP`s capital (AZUL Group & AVIANCA)



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Originally Posted by lmpanp View Post
I have done a map to comapare the AVIANCA & AZUL routes.

The darkest points at a dark red are the connections destinations with TAP.

AVIANCA GROUP:


AZUL GROUP:


Credits: lmpanp
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