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Europe Daily Bulletin No. 12859

23 December 2021
ECONOMY - FINANCE / State aid
European Commission authorises €2.55 billion Portuguese aid to TAP Group
Brussels, 22/12/2021 (Agence Europe)

On Tuesday 21 December, the European Commission authorised two Portuguese State aid measures in favour of the TAP group.

These are: - €2.55 billion in restructuring aid to restore the viability of Transportes Aéreos Portugueses SGPS S.A. (‘TAP SGPS’) and the airline TAP Air Portugal ; - €107.1 million to compensate TAP Air Portugal for damages resulting from the effects of the coronavirus pandemic between 1 July and 30 December 2020.

For Margrethe Vestager, Executive...

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BEACONS
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ECONOMY - FINANCE
SOCIAL AFFAIRS - EDUCATION
SECTORAL POLICIES
EU RESPONSE TO COVID-19
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COUNCIL OF EUROPE
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Op-Ed