Announcement
10 Jun 2020
In June 2020, the European Commission approved a EUR 1.2 billion (around USD 1.4 billion) Portuguese rescue aid to Transportes Aéreos Portugueses (TAP Air) in order to address its immediate liquidity needs.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
10 Jun 2020
Revocation date:
20 Dec 2021
Announced: 10 Jun 2020
State loan
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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Related State Acts
Announced: 21 Dec 2021
Portugal: EUR 2.55 billion rescue aid to TAP Air
Announced: 23 Apr 2021
Portugal: Introduction of state loan to support airline company Transportes Aéreos Portugueses
Announced: 19 Mar 2020
EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)
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Harmful Trade Policy Measures
This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.
Published: 04 Sep 2024
70619
interventions
194
jurisdictions