TAP Portugal will assume a controlling interest in Varig Engineering and Maintenance and VarigLog (Logistics and Cargo) as part of its participation in the carrier's restructuring (ATWOnline, Nov. 3). Total consideration for the controlling stakes is $62 million. A TAP spokesperson told ATWOnline that the airline will not be drawing on its own cash for the transaction. Two-thirds of the amount will be financed by Brazil's National Economic and Social Development Bank and the balance by ...

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