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Aircraft and transport. TAP tries to save

Loan worth over one billion euros

Short from the world. The crisis of the Portuguese airline was well known before Covid-19. Another breath of fresh air, or the EUR 1.2 billion loan, has been approved by the European Commission with the obligation to return after six months, otherwise it will be necessary to present a new restructuring plan.The Vice-President of the Commission, Margrethe Vestager, points out that government funding...

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AVIONEWS - World Aeronautical Press Agency