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
Updated: 10 Jun 2020
Capital injection and equity stakes (including bailouts)
<p>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 (...
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