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EU readopts TAP Air Portugal loan approval following Ryanair court victory, opens new probe

( July 16, 2021, 10:19 GMT | Official Statement) -- MLex Summary: A 1.2 billion-euro loan to Portugal's TAP has been re-approved by the European Commission after Ryanair successfully challenged the 2020 approval for the aid. In parallel, the EU's state aid regulator opened an in-depth investigation into a restructuring plan submitted by Portugal last month that would see the state inject 3.2 billion euros into the airline.Statement is attached....

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