The Germán Efromovich plan for TAP is based on two fundamental principles: fresh money to remedy the company’s accounts and new aircraft to reinforce the airline’s operation. The Brazilian-Colombian entrepreneur has EUR 350 million to invest in the Portuguese company, of which 250 million will result in a direct capitalization and 100 million in new aircraft, found the Mad Money. Efromovich, who already competed in 2012 with the purchase of TAP, promises to develop relations with Latin America and South and also plans for the US.
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