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Parliamentary question - E-003623/2020Parliamentary question
E-003623/2020

Financial rescue of TAP

Question for written answer E-003623/2020
to the Commission
Rule 138
Cláudia Monteiro de Aguiar (PPE), Paulo Rangel (PPE), Maria da Graça Carvalho (PPE), Álvaro Amaro (PPE), Lídia Pereira (PPE), José Manuel Fernandes (PPE)

With its decision SA.57369, the European Commission approved, under EU State aid rules, the Portuguese Government’s request to grant an emergency loan of EUR 1.2 billion to TAP. In view of the current situation on the aviation market, it is likely that TAP will have to submit a restructuring plan. The terms of the agreement have not been made public, but it is essential to maintain a proper and fair geographical distribution of TAP’s routes, particularly to Faro and Porto airports, and to preserve the principle of territorial continuity in relation to the Autonomous Regions of Madeira and the Azores.

In view of the above, can the Commission say:

Last updated: 3 July 2020
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