Rui Rio: “There is no point in putting a euro in TAP if there is no consistent business plan”

Social-Democratic leader returned to defend that criteria are needed for emergency state aid to TAP. "If the Portuguese State puts money in, obviously it is the Portuguese State that has to take the main responsibility," he said.

Mário Cruz / Lusa

PSD President Rui Rio reaffirmed his position regarding State aid to TAP, defending both a restructuring plan that would make the company viable in the future, and a position of the State “of responsibility” as a shareholder.

“There is no point in putting a euro in TAP if there is no consistent business plan for the future, if it does not mean that we are putting money in now and in a year they are asking for more and TAP continues to be a drain on money brutal audiences as it has been over the years, ”said the Social Democratic leader, speaking to journalists in Valongo, transmitted by RTP3.

For Rui Rio, there can be no doubt that "if the Portuguese State puts money in, obviously it is the Portuguese State that has to take the main responsibility".

"If not, Portuguese taxpayers are putting almost one billion euros out of their taxes to be the private ones to manage as they see fit, without any public service", he stressed, saying that the airline "behaves like a regional company".

This Monday, the shareholder of TAP David Neeleman guaranteed the "commitment of the private" in the future of the company and thanked “a lot” for the emergency loan from the Portuguese State, claiming to accept its immediate entry into the company's Executive Committee, reported the Lusa agency.

"Although this was not our proposal, we are very grateful for the support of the Portuguese State through an emergency loan to TAP and we obviously accept measures to control the use of that loan", says Neeleman in a written statement sent to Lusa.

Political commentator Luís Marques Mendes said that an agreement between the State and TAP's private shareholders would be "imminent". The political commentator announced that negotiations were taking place last night, noting that Friday's stalemate was "broken" and "the deal is imminent".

Marques Mendes explained that last Friday, the Prime Minister, António Costa, will have met with the Minister of Finance, Minister of Infrastructure and Secretary of State for the Treasury “in which the strategy was defined to move forward immediately”.

This Tuesday, the Minister of Infrastructure and Housing, Pedro Nuno Santos will be heard at the Committee on Economy, Innovation, Public Works and Housing, in Parliament, after the hearings of the airline's executive chairman, Antonoaldo Neves, and the president of the board of directors, Miguel Frasquilho, last week.

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