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Global Trade Alert

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Portugal: EUR 2.55 billion rescue aid to TAP Air

Description

On 21 December 2021, the EU approved a EUR 2.55 billion (approx. USD 2.87 billion) rescue equity measure from Portugal in favor of Transportes Aéreos Portugueses (TAP Air), in order to fund a restruct...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Dec 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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