Rio admits liquidation if plan does not guarantee TAP will be profitable

By TPN/Lusa, in News · 10-12-2020 15:08:00 · 2 Comments

The president of the PSD admitted today that the possibility of the liquidation of TAP may be preferable if the government's restructuring plan does not give guarantees that the company will be profitable in the future, "contrary to the past".

At the end of a hearing with the Confederation of Tourism Portuguese (CTP), Rui Rio did not want to make an assessment about the restructuring plan of the government of the airline, saying that only today will be presented to the PSD, in a meeting at 3:30pm.

However, the president of the PSD demanded that the Government give guarantees to the Portuguese that if it injects "another 3 billion euros, 300 euros for each Portuguese", the company will not have the same problems of the past, referring, for example, to strikes for wage increases or "inequality" in access to the 'lay off' of TAP workers in relation to the rest of the Portuguese. Asked if the PSD advocates the liquidation of the company if the plan does not give this security, Rio responded affirmatively. "Yes, if the restructuring plan does not manage to have able answers that guarantee us that in the future it will not be the same as what we had in the past, that is clear. Having in the future what we had in the past, I think is dramatic for Portuguese public finances," he replied.

Asked to realize what guarantees the Government is asking, the PSD president considered that it is the executive who has to give answers that there is "a restructuring plan reasonably well done and minimally credible". "It is the Government that has to convince us - the PSD, and the country - that if you put 3 billion euros and each Portuguese person gives another 300 euros, in the future it is over and TAP becomes a profitable company," he said, noting that even when tourism "was on the rise, TAP continued to hurt," he said.

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A 300 € contribution from each Portuguese citizen to save an ever-failing sub-par airline is a joke and a slap in the face to each and every Portuguese person.

By Dre from Lisbon on 10-12-2020 08:50

the old goobermint guarantee means its not a business.

By rodric r reese from USA on 10-12-2020 06:34
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