Azul shareholders agree TAP exit

in News · 11-08-2020 10:28:00 · 1 Comments

Shareholders of the Brazilian airline Azul, led by David Neeleman, yesterday (Monday), at a general meeting, approved its TAP exit agreement.

Two points were up for vote; one for the “sale of the indirect stake held by the company in TAP” and the other for the elimination of debt-to-equity conversion rights in Azul's 90 million euro bond loan to national flag-carrier TAP granted in 2016. The agreement had already been approved by Neeleman, but the overall “green light” has now been given across the board.


Comments:

How is this going to help people like me get a cash refund for flights cancelled. Been trying to contact tap since may. No reply to emails and they hang up the phone when a cash refund is mentioned it is our right under EU law to be reimbursed in cash when a voucher is refused. Government doing nothing to implement the law

By Mary ormston from Other on 12-08-2020 09:12
Interactive Topics, send us your comments/opinion on this article.

Please note that The Portugal News may use selected comments in the printed edition of the newspaper.