This foolhardy display was down to the PIC, NOT the airline - but if I was the chief pilot I think I would ground the pilot pending an investigation and start seriously questioning his responsibility and mental stability.
Well, according to info on airliners.net the PIC was Cpt César Brito, no less than the TAP Airbus A310 fleet last Chief Pilot.
Who is going to fire him?
Perhaps the guy is not a total idiot, but what he showed in Evora that day makes me doubt that very much!