TAP Portugal is the flag carrier airline of Portugal headquartered at Lisbon Humberto Delgado Airport which also serves as its hub. TAP is a member of the Star Alliance and operates almost 2,000 flights a week to 88 destinations in 38 countries worldwide. The company has a fleet of 88 airplanes, 63 of which manufactured by Airbus and 25 other are operated for TAP Portugal Express.
In June 2015 the company was semi-privatised and became majority-owned by the Atlantic Gateway Consortium, led by David Neeleman, owner of Azul Linhas Aéreas Brasileiras, and Humberto Pedrosa. The Atlantic Gateway Consortium purchased 61% of the carrier from the government of Portugal on 24 June 2015, with an option to buy the Portuguese government's remaining 34 percent stake in 2018. This deal has been surrounded in controversy because it was completed at the end of the center-right government's mandate with wide opposition from TAP employees and a large fraction of the population. Since the October 2015 elections a new left government has sought to return majority control to the state. In February 2016 the government signed a deal with the private consortium and the airline has returned to state control. Currently the company is owned: 50% by the Portuguese state, 45% by the Atlantic Gateway Consortium consortium and 5% by collaborators and employees of TAP.
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