TAP renegotiations in progress as Azul reports losses of €67 million

With Portugal’s prime minister António Costa affirming “all is going well” with the government’s bid to renegotiate TAP’s privatisation so that the State retains control, Azul airlines – the company owned by TAP’s new joint boss David Neeleman – has just reported losses to last September of around €60 million. Sol news service explains the company’s profits have been affected by a fall in the number of passengers in recession-torn Brazil.