Brussels Opens In-Depth Probe Into TAP Portugal Restructuring
Credit: Horacio Villalobos / Corbis / Getty Images
The European Commission (EC) will take a closer look at TAP Portugal’s €3.2 billion ($3.8 billion) restructuring plan and has reapproved the Portuguese flag-carrier’s €1.2 billion rescue loan that had been successfully challenged by Ryanair. The EC originally approved the €1.2 billion loan from the...
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