“Insolvency is not synonymous with bankruptcy”: minister ensures future of Groundforce

Pedro Nuno Santos, Portugal’s infrastructures minister, has stressed today that the ‘insolvency’ of baggage handling company Groundforce is not synonymous with bankruptcy. There is no intention of closing the company, nor of dismissing its workforce. What has to be found, however, is a solution that will allow TAP – Groundforce’s largest creditor – to propose a “definitive solution for the problem”. TAP meantime is technically broke but receiving millions in government aid for recovery from the crisis caused by the pandemic (click here)