Published by Global Banking & Finance Review®
Posted on January 5, 2026
1 min readLast updated: January 20, 2026
Add as preferred source on GoogleThe EU extends deadlines for SATA and TAP airlines to meet divestment conditions tied to Portuguese state aid, facilitating TAP's privatization plans.
(Refiles to fix typographical error in headline)
BRUSSELS, Jan 5 (Reuters) - The European Commission has extended the deadlines for SATA and TAP airlines to complete the divestments of assets that were conditions for restructuring aid granted by the Portuguese government, said the EU on Monday.
Portugal's government had re-launched the long-delayed privatisation of flag carrier TAP last year, saying it aimed to sell a 49.9% stake within a year's time, and could then consider offloading more of the airline's capital.
(Reporting by Sudip Kar-Gupta;Editing by Benoit Van Overstraeten)
Restructuring aid is financial support given to companies in distress to help them reorganize their operations and return to profitability.
Divestments are the process of selling off subsidiary business interests or investments, often to improve financial performance or comply with regulatory requirements.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
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