The company did not meet the deadline it had agreed with the European Commission. SATA will have to return 3 million euros to the State.
A TAP will have to return nearly R$25 million to the State by not having met the deadline agreed with the European Commission for the sale of shares in Cateringpor and Spdhone of the conditions imposed for the approval of public aid to the airline.
According to a document from Brussels cited by , the amount must be paid by the end of June, a period in which TAP will also have to sell 51% of Catering por and 49.9% of Spdh. The sale of these companies was part of the plan aimed at mitigating the anti-competitive effects of State aid approved at the end of 2021.
The transfer of slots at Lisbon airport was completed within the deadline, benefiting the EasyJet, but the sale of the two subsidiaries ended up not being completed.
The amount now to be returned corresponds to around 1% of the aid linked to the restructuring of TAP, valued at 2.55 billion euros, a total that rises to 3.2 billion when including support related to the pandemic.
TAP, which is in the process of privatizing 49.9% of its capital, will still have to maintain regular reporting to the European Commission.
SATA
Also the SATA will have to return support to the State, but on a smaller scale: 3 million euros.
Furthermore, the company will have to maintain a ceiling of 14 planes in the fleet until privatization.
This is because SATA did not privatize, by the end of 2025, 51% or more of the capital of Azores Airlines (flights outside the Azores); and did not automate or divest the ground handling business (handling).
