TAP may close its doors despite injection of 3 billion euros

The approval of a restoration plan in Brussels will decide the fate of the company Transportes Aereos Portugueses (TAP). The Portuguese Minister of Infrastructures and Housing, Pedro Nuno Santos, believes that by the end of this year the TAP re-emergence plan will be approved, and if it is disapproved there is no other way out.

"If TAP does not have the restructuring plan approved, what will happen is that TAP will close and Portugal will lose its centrality in the aviation business," said Pedro Nuno Santos.

And if this happens, the Minister predicts that passengers who were going to Portugal from various points in the world, will make stops in other cities, Madrid or Paris.

"And with that we will lose millions and millions of passengers, euros and jobs," he warned.

In this sense, and with this conviction, the Portuguese government decided to inject more than three billion euros, but the plan has been waiting for a year for a favorable opinion, even though the essential points have already been agreed upon.

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