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Fewer planes, lower costs, a reduction in the number of workers, a TAP capable of paying debts from 2025, revised company agreements and, eventually, the sale of assets. The future of TAP unfolds at times in Brussels, when the viability plan designed by the company’s board of directors, led by Miguel Frasquilho, with the support of BCG and Deustshe Bank, is delivered to the Directorate General for Competition Union ( DG Comp) on December 10.
The basic structure of the plan is already defined, although it can still be adjusted. It is a tough and demanding plan. TAP is the only European company that is not being helped under the exception measures for covid-19, so it must demonstrate that it is sustainable or closed. The Expresso knows that it will aim to reduce the number of planes to about 85 in 2021, compared to 108 when the pandemic forced almost all planes to stay on the ground. In addition to this reduction in the number of aircraft, there are the 15 whose delivery date was renegotiated with the manufacturers and has already been postponed for later, when there is a resumption.
