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

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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.

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“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. “

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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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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