Portugal strikes deal to nationalise TAP airline

AFP

2020/07/03 | 232 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Portugal strikes deal to nationalise TAP airline © Le Journal de l'Aviation - All rights reserved

Portugal said Thursday it will nationalise TAP airline to prevent the firm collapsing after striking a deal with private shareholders.Like most carriers, the company has been hit hard by lockdowns aimed at slowing the spread of the coronavirus that saw most global air travel halted.The government said it would invest 55 million euros ($62 million) in the company, increasing its ownership stake from 50 percent to 72.5 percent."The activity of TAP is of enormous strategic significance for the ...(…)

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