Portuguese State Aid To TAP Wins EC Approval, With Caveat

TAP Air Portugal
Credit: Horacio Villalobos-Corbis/Corbis/Getty Images
The European Commission (EC) has approved €2.55 billion ($2.88 billion) of financial aid the Portuguese government is offering to help TAP Portugal and its parent group return to viability, but the carrier must concede up to 18 slots at Lisbon airport per day to a competitor. TAP Portugal, like many...
Helen Massy-Beresford

Based in Paris, Helen Massy-Beresford covers European and Middle Eastern airlines, the European Commission’s air transport policy and the air cargo industry for Aviation Week & Space Technology and Aviation Daily.

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