TAP confident EU will approve restructuring plan

in News · 24-06-2020 10:04:00 · 1 Comments

Portugal’s flag carrier TAP is confident the European Commission will approve a restructuring plan that would allow the airline to avoid repaying a government-backed loan.

In April, TAP asked for help as the company, which usually operates around 2,500 flights per week, was forced to suspend almost all of them as demand for travel collapsed in the coronavirus pandemic.

TAP tried to resume some of its international operations last month as lockdown measures were slowly being lifted but, with little demand, the company took a step back.


Comments:

Let’s hope they reduce wastage so they will not become a burden for Portuguese tax payers! Monopoly’s like this should be very profitable except from March 2020 until now!

By Anna from Madeira on 26-06-2020 12:03
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