“David Neeleman did not have a euro to put in TAP”, says the minister Pedro Nuno Santos – Economy



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Infrastructure Minister Pedro Nuno Santos said in parliament on Tuesday that shareholder David Neeleman “did not have a euro to put in TAP” and that the Government wanted to be a “master” of the restructuring plan.

“David Neeleman did not have a euro to put in TAP”, assured Pedro Nuno Santos, in the Assembly of the Republic, before the deputies of the Commission of Economy, Innovation, Public Works and Housing.

Thus, he continued, the Government preferred to pay 55 million euros to former shareholder David Neeleman to leave the company and renounce the complementary payments to which he was entitled, thus becoming “master of the restructuring plan”, instead of leaving it. responsibility before an individual who “sooner or later” would leave the shareholding structure.

The infrastructure minister also said that the former private management of TAP “had the money of the Portuguese” to run the company for a few more months, “in the interests of their interests”, and was not available to invest in the company.

“The private sector had the money from the Portuguese to run the company for a few more months, for the good of their interests, not necessarily the interests of the Portuguese, or the Portuguese State,” said Pedro Nuno Santos, who is being heard at the Assembly of the Republic. , in the Commission of Economy, Innovation, Public Works and Innovation, at the request of the Left Bloc (BE).

“I was [a gestão] Absolutely private, or absolutely public, we would be in this position. […] The private sector had neither the money nor the availability to put a penny in TAP, “he added, guaranteeing that the question that arose when the state decided to keep 72.5% of the company” was whether it was still public or closed. “

Pedro Nuno Santos also pointed to criticism of private management, which, he argued, aggravated pre-existing problems in the company.

“There are problems in TAP that predate private management, which were not resolved by private management and which, in some cases, were even worsened by private management and, in my opinion, if I may, the company grew too much Quick, [com] a number of contracts and plans above the strategic plan that is agreed with the State, ”he argued.

The Infrastructure Minister also stated that TAP’s resizing is not being prepared just because there is a restructuring plan to be implemented, but also because there is no demand.

“A public company must serve the country, serve the people, but it must be financially sustainable,” he said.

The Government delivered the TAP restructuring plan to the European Commission on Thursday, which, as the minister detailed on Friday, foresees the dismissal of 500 pilots, 750 cabin crew, 450 maintenance and engineering workers and 250 from the other areas.

The plan also foresees a 25% reduction in the group’s payroll and in the number of aircraft that make up the company’s fleet, from 108 to 88 aircraft.



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