Saturday, June 6, 2015

Proposals for improved TAP. There is more money and planes – the Minute News

Government wants to decide until next week the sale of TAP.

David Neeleman and German Eframovich delivered this Friday new proposals by TAP. Public knows that both offers bring improvements.

While the former, owner of Brazilian Blue, promises improvements at the strategic level, with an investment commitment and growth that involves the purchase of 53 new aircraft, the second, that controls the Avianca group, promises improvements from a financial point of view.

The Brazilian entrepreneur colombro increased the value offered by the airline’s shares. Initially, Eframovich offered 35 million for 100% of TAP, if the State could recover 120 million euros in revenues retained in Venezuela and Angola. Now the businessman put aside these requirements. This also reinforced the capitalization of TAP, which was 250 million euros.

The aim of the state is moving forward with the sale as soon as possible. That said, will accelerate the evaluation of tenders for the sale to be decided by the Cabinet already on the 11th.

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