Bailout of Portugal's struggling TAP airline faces EU probe

The EU anti-trust authority opened an investigation Friday into Portugal's multi-billion-euro bailout of struggling national airline TAP, amid a legal campaign by low-cost carrier Ryanair to stop pandemic-linked state rescues. Last month, Portugal formally notified the European Commission of its 3.2-billion-euro ($3.8 billion) bailout plan which includes 2,000 job losses,...

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