Talks on rescue loan for Portugal's TAP airline ongoing

in News · 01-07-2020 09:28:00 · 0 Comments

Portugal said it was negotiating with the private shareholders of airline TAP on a proposal to support the company and was prepared for all scenarios, following a media report the state was gearing up to nationalise the flag carrier.

TAP’s private shareholders Atlantic Gateway and the government have reportedly failed to reach an agreement over a 1.2 billion euro state rescue loan for the airline.

Portugal holds 50% of TAP and Atlantic Gateway has 45% of the airline, which has suffered heavy losses due to the coronavirus crisis.


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