TAP can receive up to 1.2 million euros in state aid, but it wanted to receive a further 300 million euros.
TAP wanted to receive 1.5 billion euros in state aid, but the government, after analyzing the current situation of the national airline, decided to cut the requested injection by 300 million, the Diário de Notícias (DN) advances this Wednesday.
On Tuesday, during the parliamentary hearing on Budget and Finance, the Secretary of State for the Treasury, Miguel Cruz, had already said that the Portuguese airline had requested more aid than was accepted by the government and, according to the DN, wanted more 300 million to the capital injection.
It is certain that the government has shrunk this request, so the injection of money into the Portuguese airline – which has already been approved by Brussels – can now go up to 1.2 billion euros, with the Executive intending to inject, for the time being, around 950 million euros, leaving the rest on a “cushion” for eventualities. The State is currently inhibited from making the capital injection, since the Supreme Administrative Court has accepted the injunction presented by the Porto Trade Association to suspend the loan until a judicial decision on this case.