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Global Trade Alert

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Portugal: EUR 1.2 billion rescue aid to TAP Air

Description

On 10 June 2020, the EU approved a EUR 1.2 billion (approx. USD 1.4 billion) Portuguese rescue loan in favor of Transportes Aéreos Portugueses (TAP Air), in order to provide the necessary resources to...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Jun 2020

Revocation date

20 Dec 2021

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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