“The disposals must take place until the end of the restructuring period, on December 31, 2025”, sources linked to the process revealed to Lusa.
At stake is one of the remedies imposed by the community executive to avoid distorting European competition with the approval of the flagship airline's restructuring plan, which is based on the separation of TAP and Portugal's businesses, on the one hand, and the sale of non-EU assets -essential, namely in the maintenance business in Brazil, and catering and handling.
Questioned by Lusa, an official source in the competition area of the community executive, points out that “these measures are necessary to mitigate the distortions of competition created by the state aid” given by Portugal, with a view to “buyers still to be determined in the course of the restructuring plan” for those businesses seen as non-essential.
“In general, when an aid measure is approved, it is the responsibility of the Member State to ensure that the measure is implemented in accordance with the compatibility conditions included in the Commission's decision”, an official source told Lusa.