{"id":109143,"date":"2021-04-24T11:20:00","date_gmt":"2021-04-24T11:20:00","guid":{"rendered":"https:\/?p=109143"},"modified":"2021-04-26T11:20:51","modified_gmt":"2021-04-26T11:20:51","slug":"approve-loan-tap-airline","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/04\/approve-loan-tap-airline.html","title":{"rendered":"Approve 462 million euros loan for Portugal’s TAP airline."},"content":{"rendered":"\n

The European Commission said on Friday it had authorised a loan of 462 million euros ($556.9 million) from the Portuguese government to airline Transportes Aereos Portugueses (TAP)<\/strong> to compensate for damage suffered during the pandemic.<\/p>\n\n\n\n

The airline, similar to others across Europe, incurred significant losses due to travel restrictions in Portugal and destination countries, the Commission said.<\/p>\n\n\n\n

See also: <\/em><\/strong>TAP breaks record longest flight operated by an A321LR.<\/em><\/a><\/p>\n\n\n\n

\u201cThis measure will enable Portugal to compensate TAP for the damage it suffered as a direct result of the travel restrictions that Portugal and other destination countries had to implement to limit the spread of the coronavirus,\u201d EU antitrust commissioner Margrethe Vestager said in a statement, Reuters<\/a> reported.<\/p>\n\n\n\n

The support, in the form of loan, may be converted into capital and disbursed to TAP in one or several instalments.<\/p>\n\n\n\n

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