WestJet founder helps bring Portuguese airline TAP back to Canada
One of the founders of WestJet Airlines is making another foray into Canada, this time with TAP Portugal. David Neeleman, one of the 5 men who co-founded WestJet in 1996, is using his significant expertise in the airline industry to help revitalise TAP with new aircraft and flights to North America. TAP had languished under govt ownership for decades when Atlantic Gateway, a joint venture between Neeleman and Portuguese investor Humberto Pedrosa, took a 61% stake in 2015. Since then, the govt has increased its stake to 50% and Atlantic Gateway’s share has fallen to 45% but it is still responsible the airline’s day-to-day management. TAP, which used to fly to Toronto in the 1990s, will re-enter the market June 10 with year-round service 5 days a week to Lisbon. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-02/star/westjet-founder-helps-bring-portuguese-airline-tap-back-to-canada
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WestJet founder helps bring Portuguese airline TAP back to Canada
One of the founders of WestJet Airlines is making another foray into Canada, this time with TAP Portugal. David Neeleman, one of the 5 men who co-founded WestJet in 1996, is using his significant expertise in the airline industry to help revitalise TAP with new aircraft and flights to North America. TAP had languished under govt ownership for decades when Atlantic Gateway, a joint venture between Neeleman and Portuguese investor Humberto Pedrosa, took a 61% stake in 2015. Since then, the govt has increased its stake to 50% and Atlantic Gateway’s share has fallen to 45% but it is still responsible the airline’s day-to-day management. TAP, which used to fly to Toronto in the 1990s, will re-enter the market June 10 with year-round service 5 days a week to Lisbon. <br/>
