Despite all assertions to the contrary, the Portuguese government insists debt-ridden airline TAP is absolutely strategic and must be saved at all costs.
These are likely to run to around 3 billion, the spending of which has been held up by Brussels doubts in all directions.
The European Commission isnt simply concerned over the Ryanair case that alleges a State bailout breaks the EU laws on competition. It is worried that TAP will continue losing money even after the restructuring plan that promises to gobble up so much taxpayers money.
But while these issues are ironed out (meaning the government is intent on answering all questions to prove TAP is in fact worth saving), State media network RTP insists the State is set to become TAPs …
Read the full article at: https://www.portugalresident.com/tap-uncertainty-portuguese-state-will-become-sole-shareholder-by-end-of-2021/