EU regulators approve E462m loan for Portugal's TAP airline

The EC said Friday it had authorised a loan of E462m from the Portuguese government to airline Transportes Aereos Portugueses (TAP) to compensate for damage suffered during the pandemic. The airline, similar to others across Europe, incurred significant losses due to travel restrictions in Portugal and destination countries, the Commission said. “This measure will enable Portugal to compensate TAP for the damage it suffered as a direct result of the travel restrictions that Portugal and other destination countries had to implement to limit the spread of the coronavirus,” EU antitrust commissioner Margrethe Vestager said.<br/>