Portugual to Privatise TAP in 2007

***hkskyline*** · February 17th, 2006, 06:52 PM

Portugal to part privatise TAP in 2007

LISBON, Feb 16, 2006 (AFP) - The Portuguese government said Thursday it planned to sell part of newly profitable airline TAP-Portugal in 2007 but would retain control of the business.

The government currently owns all of TAP-Portugal, which posted a net profit of 8.6 million euros (10.2 million dollars) in 2004.

In November TAP-Portugal president Fernando Pinto warned that the company would struggle to post a profit in 2005 despite an increase in passenger numbers because of soaring fuel costs.

TAP-Portugal, a member of the Star Alliance, returned to profit in 2003 after four years of losses, posting a profit of 19.7 million euros owing to a cost-cutting measures and a rise in passenger traffic.

It returned to profit in 2003 after four years in the red, posting a profit of 19.7 million euros owing to a rise in passenger traffic.

Paulo2004 · February 18th, 2006, 07:55 PM

TAP Portugal is worth 1.200 million euros.

See how modern and sophisticated are our planes at:

Tap Portugal's fleet

mic of Orion · February 18th, 2006, 08:55 PM

nice

Kai Tak · February 18th, 2006, 09:24 PM

Yeah Airbus!

February 17th, 2006, 06:52 PM	#1
*hkskyline* Hong Kong Join Date: Sep 2002 Posts: 71,164 Likes (Received): 961	Portugual to Privatise TAP in 2007 Portugal to part privatise TAP in 2007 LISBON, Feb 16, 2006 (AFP) - The Portuguese government said Thursday it planned to sell part of newly profitable airline TAP-Portugal in 2007 but would retain control of the business. The government currently owns all of TAP-Portugal, which posted a net profit of 8.6 million euros (10.2 million dollars) in 2004. In November TAP-Portugal president Fernando Pinto warned that the company would struggle to post a profit in 2005 despite an increase in passenger numbers because of soaring fuel costs. TAP-Portugal, a member of the Star Alliance, returned to profit in 2003 after four years of losses, posting a profit of 19.7 million euros owing to a cost-cutting measures and a rise in passenger traffic. It returned to profit in 2003 after four years in the red, posting a profit of 19.7 million euros owing to a rise in passenger traffic. __________________ Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries World Photo Gallery - \| New York \| London \| Egypt \| Dubai \| Shanghai \| Xian \| Tokyo \| Kyoto \| Prague Beijing, Seoul, Taipei, Mumbai, Iceland, Sydney, Rocky Mountains, Toronto, and much more!

February 18th, 2006, 07:55 PM	#2
Paulo2004 Luso from Aveiro Join Date: Oct 2004 Location: Lusitania Posts: 4,707 Likes (Received): 14	TAP Portugal is worth 1.200 million euros. See how modern and sophisticated are our planes at: Tap Portugal's fleet __________________ Por Portugal com paixão!- Murtosa em Fotos For the best photos or information on Portugal, visit the PORTUGUESE FORUM. Last edited by Paulo2004; February 19th, 2006 at 12:48 AM.

February 18th, 2006, 08:55 PM	#3
mic of Orion I come in peace \V/ Join Date: Feb 2005 Location: London Posts: 11,081 Likes (Received): 0	nice __________________ "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety" Benjamin Franklin "All that is required for evil to prevail is for good men to do nothing." Edmund Burke "Religion leads to anger, anger leads to hate, hate leads to bigotry, bigotry leads to suffering!!!" Mic of Orion

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February 18th, 2006, 09:24 PM	#4
Kai Tak BANNED Join Date: Oct 2005 Location: Anytown, USA Posts: 428 Likes (Received): 0	Yeah Airbus!