30 April 2015

TAP order for a dozen of A350 could be cancelled if the privatization plan collapses.

"The new aircraft are ordered, these aircraft have a much higher market value than was paid, the payment are recovered ... often, a way to maintain a company is to look for some added value for the future," said the President of TAP when asked if he has a plan-B in case of privatization collapse.

On presentation of 2014 data (TAP has registered losses of 85.1 million euros), Fernando Pinto acknowledged, without quantifying, that the company has already begun to pay for A350s ordered to Airbus 10 years ago.

If the privatization plan goes ahead, TAP will receive the first of 5 A350-900 airplanes in Q1/2017.

For the President of TAP, the strike called by the Civil Aviation Pilots' Union (SPAC) only a month before the due date for privatization of the airline "brings an enormous concern to anyone who is interested in".

Based on the article “Fernando Pinto admite vender A350 se privatizaçao falhar” published in Diário Económico. 

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