TAP Portugal reached agreement with OMNI Aviation of Portugal for the sale of TAP's small leisure carrier White Airways for an estimated €5 million ($6.4 million). White operates one A310-300 and one L-1011-500. According to the terms, the ownership of the L-1011 is transferred to TAP, due for subsequent alienation, while OMNI will operate the A310 currently under lease. "The present operation represents a decisive step forward for OMNI toward its growth and expansion into a new ...
Subscribe to Access this Entire Article
"TAP Portugal sells White Airways subsidiary" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
