Frasquilho was speaking at the end of a lunch organised by the International Club of Portugal in Lisbon.

He also regretted China’s HNA Group selling its stake in Portugal’s flag carrier TAP saying it was the airline’s “door to the East” and that Asia “could not be left behind.”

Meanwhile, in related news, Miguel Frasquilho, has said that he had “serious doubts” that Brexit would happen, which he said was “great” for the European and international economy.

He said Brexit would have an “uncontrolled” impact “everywhere” and that it would also impact Portugal’s economy.

Elsewhere, TAP confirmed it has started flying to Venezuela again as safety conditions have been guaranteed.

“Caracas airport operations are now back to normal, so our Saturday flight will take place as scheduled”, a company source told Lusa News Agency.

Last Tuesday the Portuguese airline cancelled its flights to Venezuela due to unsafe conditions at Caracas airport.
The company source explained “it has registered lower booking levels and for that reason TAP reduced the number of weekly flights between July and September 2018”.

The company “is carefully analysing the internal situation in Venezuela”, the source stressed.

Currently, TAP has two weekly flights to Caracas, on Tuesdays and Saturdays.

Many airlines have stopped flying to Venezuela while others have cancelled flights on specific days over security concerns.