TAP Portugal will be re-nationalised

TAP Portugal will be taken over by the Portugese government to stop it from going bankrupt. Although the government already owns 50% of the airline, it will invest a total of €55 million in the company, which will permit it to increase its stake to 72.5%. The economic consequences of this crisis on the aviation industry do not only effect private airlines, but also government-owned airlines, as we can see with TAP. 3rd of July 2020.

CS-TNL TAP - Air Portugal Airbus A320-214 | Portugal ...

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