US EditionEU Extends SATA and TAP Airlines State Aid Divestment Conditions Deadlines
13 Articles
13 Articles
EU Extends Deadlines for SATA and TAP Divestments
The European Commission has extended deadlines for SATA and TAP airlines to divest assets, part of restructuring aid conditions set by Portugal's government, which aims to privatize a 49.9% stake in TAP within a year to potentially increase its sale later.
Observador
The Community executive accepted Portugal's extension request until 31 December 2026 the deadline for the SATA to align a majority (51%) with the Asores Airlines.
Commission extends SATA and TAP state aid divestment conditions deadlines
The European Commission has extended the deadlines for SATA and TAP to complete the divestments of assets that were conditions for restructuring aid granted by the Portuguese government. Upon Portugal's request, the Commission agreed to an extension until 31 December 2026 of the deadline for SATA to divest a majority shareholding (51%) of Azores Airlines […]
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