Portugal’s Decisions on Saving TAP Airline May Come in June
- The government has said it won’t let the airline collapse
- Germany on Monday offered Lufthansa a bailout package
Photographer: Mario Proenca/Bloomberg
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The Portuguese government may make decisions in June about saving carrier TAP SGPS SA, which had to suspend most of its operations due to the coronavirus outbreak.
Airlines around the world have been struggling to stay afloat after the coronavirus punctured a decades-long aviation boom. Germany on Monday offered Deutsche Lufthansa AG a package of loans and equity investment.