Global Trade Alert
Global Trade Alert

Portugal: EUR 2.55 billion rescue aid to TAP Air

Announcement

21 Dec 2021

In December 2021, the European Commission approved EUR 2.55 billion in restructuring aid for Transportes Aéreos Portugueses (TAP Air).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

21 Dec 2021

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts) In force

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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