TAP looks for way out of Air Macau
MACAU – The Portuguese national airline, TAP, says it is planning to sell its 15 percent shareholding in troubled Air Macau.
According to macaubusiness.com, the airline’s CEO Fernando Pinto said the company had agreed three years ago that the partnership with Air Macau “made no sense” and as such would proceed with the selling of its indirect company share.
TAP holds a1 5 percent share in Air Macau.
Pinto was quoted as saying that “the two airlines had been unable to develop a profitable synergy” and Air Macau had been constantly delivering bad financial results.
The other significant shareholders in Air Macau are Air China – the dominant shareholder – EVA Airways from Taiwan and Stanley Ho’s STDM.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025