The president of the special committee to monitor the privatization of TAP, Cantiga Esteves, said today that the airline lives “ a complete despair treasury”, considering that “it is absolutely dying to live minute by minute.”
In the commission of Economy and Public Works, in which the committee is to be heard by the PS application, João Cantiga Esteves argued that “is most urgent capitalization of TAP”, stressing that ” what is at stake is the survival of the company. “
” We live in a complete despair treasury, is to walk the day-to-day in despair “he said, illustrating with numbers:”. Invoice two billion euros and has a ‘free cash flow’ [free cash flow] two million “
In this context, he said, “is very significant to call the company’s capitalization first” the criteria for the choice of the future owner of TAP.
The capitalization is the first of nine criteria of choice, followed by the value supply and strategic project, according to the specification, which does not set deadlines for the maintenance of the ‘hub’ [headquarters] in Portugal.
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