TAP defers lease payments and looks to sell up to eight aircraft

TAP defers lease payments and looks to sell up to eight aircraft

TAP Air Portugal has negotiated payment deferrals for some 60% of its leased fleet, and is looking to sell up to eight Airbus narrowbodies as well as returning some aircraft early to lessors. The Portuguese flag carrier made the disclosures in a first-half financial results document in which it revealed that it incurred a net loss of €582 million (£528 million) in the six-month period to 30 June. This compares with a €112 million net…

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