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TAP may repay 1.2 billion loans to the state by the end of the year



TAP may repay 1.2 billion loans to the state by the end of the year

The government has extended the maturity of a € 1.2 billion TAP loan through the end of the year, the airline said. The information was sent in a statement sent to the Portuguese Securities Market Commission (CMVM). The earlier agreed date is September 1.

“Therefore, the loan provided by TAP under the Financing Agreement will expire on December 31, 2021 (not September 1, 2021, as originally stipulated in the Financing Agreement) if the European Commission does not accept the decision. on assistance in restructuring before that date, ”the statement said.

“If the European Commission makes a final positive decision on the restructuring assistance by December 31, 2021, the repayment date of the aforementioned loan will be kept as that which can be set in the TAP Group restructuring plan approved by the European Commission. “, – adds the airline.

The government support provided by TAP, amounting to 1.2 billion euros, was aimed at meeting urgent liquidity needs in the face of a pandemic, with predefined conditions for its reimbursement.

In 2020, TAP returned to the control of the Portuguese state, which now owns 72.5% of its capital, after the company was severely hit by the pandemic and the European Commission authorized 1.2 billion euros in state aid.

91 more flights per week in winter

On Wednesday, TAP announced that it will operate 91 more flights per week during the winter than it currently offers. With this increase, the airline will operate 941 flights per week during this period.

“The TAP flight plan for IATA Winter, which will start on October 31 and will last until March 26, 2022, provides that during the peak period of operations planned by the company, a total of 941 one-way flights – about a week, another 91 flights. weekly frequencies than the 850 that the company is offering this summer. “

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This increase in supply, according to TAP, “provides a positive sign of confidence in the recovery in travel demand in line with international forecasts for the sector, which supports the company’s operational and economic outlook.”

At national airports, TAP will operate 101 flights per week departing from Porto, connecting Invicta directly with Lisbon, Funchal, London, Paris, Zurich, Geneva, New York, Rio de Janeiro and São Paulo.

In addition, Madeira will operate 49 flights a week to Lisbon and Porto. Ponta Delgada will have 15 flights a week to Lisbon and seven flights a week from Terceira to the capital. Faro will have 21 weekly flights to Lisbon.

In total, TAP will connect Portugal to 37 cities in the rest of Europe with 585 flights per week. Direct weekly flights to Africa and the Middle East will be 93 flights to 15 destinations. In the United States of America, Mexico and Canada, TAP will resume operations on all routes it already operated on before the pandemic, with a total of 59 flights per week on 11 routes.

The air carrier will operate 52 weekly flights to Brazil on 12 routes, which it will operate this winter, and finally to Venezuela, the air carrier will operate one flight per week.

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Elon Musk asked an employee for sex in exchange for a horse. SpaceX pays $250,000 to keep woman quiet – Observer



Elon Musk asked an employee for sex in exchange for a horse.  SpaceX pays $250,000 to keep woman quiet - Observer

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SpaceX multi-million dollar company Elon Musk, paid $250,000 to silence a former flight attendant whom Musk allegedly asked for sex during a massage, promising her that he would buy her a horse in return. The story has been revealed business insiderciting a person close to the woman in question – and Elon Musk has already reacted, stating that “there is a lot to tell in this story” and claiming that this is a publication “with political motives to hurt” the richest man in the world.

The case did not go to trial because in 2018 SpaceX agreed to pay the woman $250,000 (€236,000 at current exchange rates) to settle the case out of court, which includes a promise that the woman would not be a public matter. However, a Business Insider report cites a friend of the woman who gave details of the case and mentioned the woman’s identity (which Business Insider, however, does not disclose).

The incident may have taken place in late 2016, when this woman, a flight attendant from SpaceX’s private jet fleet, was called in to give Elon Musk a private massage. According to a statement made by a friend of the woman, her superiors advised the flight attendant to take a body massage course because that way she could later see that her work was appreciated because of the massage she could give Musk. At that stage, the woman worked under a contract.

During one such massage session on a flight to London, Musk is said to have shown a woman his penis, touched her leg without consent, and asked her to “do more”. And knowing that the woman was a horse rider, he suggested that if she initiates sexual intercourse, he would buy her a horse. The woman did not agree, and since then she will have fewer requests for jobs at SpaceX.


A friend says the woman told her about the incident shortly after – “she was very shocked, she didn’t know what to do.” “She believed that everything would return to normal, and could pretend that nothing happened, but then it began to seem to her that she was being avenged because her shifts began to shorten.” “She felt like she was being punished for refusing to engage in prostitution herself,” says her friend.

Elon Musk was contacted by Business Insider and, after asking for more time to respond, stated that “there is a lot to tell in this story.” However, he subsequently did not comment again, although Business Insider gave him more time to do so.

“If I had a tendency to sexual harassment, it is unlikely that only now, after a 30-year career, such a story would surface,” Musk added, calling this story “a politically motivated piece.” [o] harm.” Now that the news has been out, Elon Musk has turned to Twitter – the social network he’s currently buying – to discount the case.

receiving tweet 2021, where he said that if he were ever in the center of a scandal, he would like to be called “Elongated”. “Finally, we have the opportunity to use Elongate as a name for a scandal. It’s perfect!” he wrote that Friday, later using emoji laughter.

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Delta is the most attractive company to work in Portugal. Bosch and Farfetch round out the top three – Companies



Delta is the most attractive company to work in Portugal.  Bosch and Farfetch round out the top three - Companies

Farfetch and Bosch were in the top three most attractive companies to work for this year, moving up to 8th and 15th places, while Delta secured the top spot.

Among the preferred sectors, healthcare ranks first, followed by information technology, which led last year, and the automotive sector rounds out the podium. As for remote work, it has declined again this year after the slowdown in government measures against Covid-19 and now stands at 38%.

These are the results of the Randstad Employer Brand Research 2022, which also notes a 4% increase in the number of Portuguese workers who changed employers in the second half of 2021.

There is also a growing trend in employment, with one in five Portuguese intending to change jobs this year, up 6% on the same period last year.

When choosing a company to work with, salary and benefits remain the main criteria, along with a combination of personal and professional life and work environment.

Randstad Employer Brand Research aims to analyze public perceptions of employers in different countries. In Portugal, the survey was conducted online in January 2022 with 4,997 people (active professionals, unemployed and students) aged 18 to 65. The majority of participants live in Lisbon (38%), followed by the north (34%) and center (18%) of the country.

Top 20 most attractive companies to work for:
1. Cafe Delta
2. Farfetch
3. Bosch
4. Nestle

5. Hovion

6. Siemens

7. Bank of Portugal

8. RTP – Radio and Television of Portugal

9. Company “Navigator”

10. Volkswagen group services

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11. OGMA – Portuguese Aviation Industry

12. Fujitsu Technology Solutions

13. IKEA Portugal

14. Joaquim Chavez Saude

fifteen . Volkswagen AutoEurope

16. Hospital da Luz

17. Nokia

18. Sumol+Compal

19. PSA Peugeot Citroen

20. Pestana Hotel Group

Top 10 most attractive sectors for work:
1. Health
2. IT, consulting and telecommunications
3. Car
4. Tourism, sports and entertainment
5. Consumer goods and food industry
6. Banking and financial services
7. Industry
8. Aviation
9. Customer service and general services
10. Services

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War in Ukraine: McDonald’s announces deal to sell Russian business to local businessman



War in Ukraine: McDonald's announces deal to sell Russian business to local businessman

“Under the terms of the agreement, Govor will acquire the entire portfolio of the chain’s restaurants and begin operations with a new brand,” McDonald’s said in a statement, noting that the Russian businessman has been its partner since 2015, exploring several of the group’s establishments. in Siberia. .

The deal still needs regulatory approval and final details are expected to be agreed “in the coming weeks”.

“The sale and purchase agreement provides for the preservation of at least two years of jobs in equivalent conditions,” McDonald’s emphasizes, without increasing the amount of the transaction.

Govor will also pay salaries to employees working in 45 regions of Russia until the deal is completed.

The agreement was announced three days after McDonald’s announced it was pulling out of the Russian market after more than 30 years in the country, where it had 850 restaurants and 62,000 employees.

“The humanitarian crisis caused by the war in Ukraine and the unpredictable context for continuing operations have led McDonald’s to conclude that business in Russia is no longer sustainable or in line with McDonald’s values,” the restaurant chain said in a statement released in the United States. USA.

The fast food chain announced the temporary closure of its restaurants and the suspension of work in Russia on March 8.

The departure of McDonald’s from Russia has great symbolic and economic significance, as the group was one of the first Western brands to settle in the country. It opened a branch in Moscow in 1990, shortly before the collapse of the Soviet Union, becoming a symbol of the end of the Cold War.

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