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European Commission gives green light for Portuguese rescue aid to TAP airline

12/06/2020

On 10 June 2020, the European Commission authorized a rescue loan from Portugal in favour of the airline TAP. This public loan which enables the airline to obtain the necessary resources to meet its immediate liquidity needs in order to avoid bankruptcy and to prepare a restructuring plan, complies with the conditions imposed by the Commission's Guidelines on State aid for rescuing and restructuring.

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Authors

Portrait ofAnnabelle Lepièce
Annabelle Lepièce
Partner
Brussels
Eléonore Mertens de Wilmars