State takes full responsibility for TAP’s debts to banks in the event of failures | Companies

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Part of the 1200 million euros that the State is lending to TAP this year can be converted into equity
LUSA / MÁRIO CRUZ

As of November, the entire value of the ancillary payments linked to TAP’s debts to banks becomes the responsibility of Parpública. The state-owned company already had financial responsibilities in this area, but they were divided: the State had 82.1 million euros, and the private consortium Atlantic Gateway (David Neeleman and Humberto Pedrosa) had another 73.9 million.

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