With the crisis going on longer than initially expected, practically almost all airlines are adjusting quickly and adopting new changes of scenery in order to try to ensure their survival.
This is what is happening with TAP Air Portugal, according to the aviation specialized publication Aeroin.net, reporting that the company may have its business dimension and respective action, adjusted in view of the public investment that may be injected or counter-guaranteed.
The information on the first numbers of the probable resizing of TAP was given by the Saturday magazine and circulates internally in the airline, although it has not been officially confirmed by the company.
According to these data, the restructuring may result in the non-renewal of leasing of aircraft, resulting in a shrinkage of the fleet by 25% – minus eight long-haul and 23 medium-haul aircraft – which will be reflected in the dismissal of about 1,700 people, writes Aeroin.net, citing Saturday. In fact, some aircraft are already stocked in some Portuguese airports, such as Faro airport, with return status.
Such a decision would be based on the fact that the airline and the Portuguese government would have to adapt to the counterparts required by the European Union, which aim to ensure a sanitized and profitable company that justifies the public money invested.
An alternative to all of this could be the entry of new private investors, however, the likelihood of this happening is low at a time like this – but not impossible, by the way. However, even if a private investor comes in with more resources, he would hardly want to see a healthy company to face a demand that should take years to recover.
According to Rádio Renascença, the president of the National Union of Civil Aviation Flight Personnel (SNPVAC), Henrique Martins, said that the layoffs resulting from the size reduction refer to the non-renewal of temporary employment contracts, while Paulo Manso, of the Union of Aircraft Maintenance Technicians (SITEMA), confirmed that it has been heard about the dismissal of workers, but without official confirmation ”, according to Aeroin.net in its publication.
According to Aeroin.net, TAP's salvation plan by the Portuguese government has not yet been closed. It is not known, therefore, whether there will be investment and at the same time nationalization of the company or if the resources will come in the form of subsidies and guarantees. What is known is that the aid must be at least one billion euros.
In addition, some sectors of the government defend the nationalization and the resumption of state control of the company, despite the divergence of opinion with private investors, which currently lead the company's management. Their fear is that the company will once again become a “hanger” for the jobs of career politicians who know little about the aviation market.
As part of the “rhetorical alarmism”, according to Aeroin.net, this week that is now ending, the Minister of Infrastructure and Housing, Pedro Nuno Santos, declared that no scenario should be excluded for TAP, “including the of the company's insolvency with subsequent state intervention ”, reported the Observer.
The entrepreneurs who lead TAP responded, asking the minister not to see them as enemies. And, for now, the weather is hot at the Portuguese flag company, concludes Aeroin.net, in the publication that diariOnline Região Sul had access to.