TAP Draws Down €499M From State-Backed COVID-19 Loan

Credit: Nigel Howarth / Aviation Week
TAP Air Portugal has accessed €499 million ($590 million) from an EU-approved financing agreement with the Portuguese government. On Sept. 4, TAP Air Portugal confirmed that it has already received “a total aggregate amount of €499 million.” The funds form part of an interest-bearing loan of up to...

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