The Public Prosecutor's Office considered that the insolvency of TAP SGPS, an airline founded by David Neeleman, was fortuitous.
TAP SGPS is involved in a process in which it claims the payment of a debt of 189 million euros from TAP.
The airline has already received two negative rulings in this debt claim process.
The insolvency of the so-called "bad TAP" was declared in August 2025.
The Public Prosecutor's Office's decision on TAP SGPS's insolvency could influence the outcome of David Neeleman's company's debt claims against TAP, directly affecting the financial interests of the parties involved. This classification of insolvency as fortuitous establishes an important precedent for similar cases in the Portuguese aviation sector.
This is our short summary of a report published by Jornal de Negócios on 15 September 2026 at 10:55; the full text stays with the publisher. In our feed it sits under Business. We currently carry 23130 items in that section.
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