TAP obtains International Banking financing

TAP successfully raised € 137 M long term financing operation arranged and underwritten by Macquarie Group, in London. Last year, the Company was also able to close a major financial transaction with Banco do Brasil in the amount of 70 million euros and two other operations of 20 million euros each, with other international banks.
"These loans validate the confidence these entities place in the strategic project of TAP and in the know-how of its shareholders and management. They are first-class international banks, which mean a huge vote of confidence in our Company", says Antonoaldo Neves, TAP’s CEO.
A good assessment of TAP’s performance by these financial institutions was a key factor for the successful conclusion of these deals. The Company is expanding, increasing the its fleet - it will receive 37 new aircraft by the end of 2019 and 71 by 2025; increasing the number of destinations - 14 already announced for this year (from Lisbon: Dublin, Basel, Tel Aviv, San Francisco, Chicago, Tenerife, Washington, Naples, from Porto: Brussels, Lyon and Munich) and has achieved important goals last year: growth in the number of passengers, job creation and social peace with its unions.