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
0 in force
Implementation date
10 Jun 2020
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
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
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EU: Commission adopts state aid Temporary Framework to allow financial support schemes due to COVID-19 (extended until June 2022)
23 Apr 2021
Portugal: Introduction of state loan to support airline company Transportes Aéreos Portugueses
21 Dec 2021
Portugal: EUR 2.55 billion rescue aid to TAP Air
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