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Portugal takes over TAP air
The Portuguese government announced Thursday the renationalisation of its flagship airline TAP Air Portugal. The state will acquire 72.5% of the capital to prevent a collapse of the airline due to the coronavirus crisis. The government already owns 50% of the shares and will invest 55 million euros to increase its equity to 72.5% in the airline, considered as a strategic asset for the country: it plays an essential role in the tourism sector, one of the engines of the Portuguese economy. (www.aviation24.be) More...
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Most airlines around the World will need a bailout to avoid bankruptcy. Those which get it may eventually thrive, but many will fail, too.
TAP Airline is my favorite. Great service and product.
"Portugal takes over TAP air". They are going to have a hard time trying to do that because there is no such thing as "TAP air"
I've flown on TPA. Why are you writing this?
TAP
TPA = TAMPA CARGO. Must have been a very pleasant flight :-)
And there is no such thing as "TAP Air". It is either TAP (period) or complete TAP AIR PORTUGAL.
And there is no such thing as "TAP Air". It is either TAP (period) or complete TAP AIR PORTUGAL.
