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New TAP Air Portugal owners vow expansion in US, Brazil

2015-06-24 13:33:27| Airlines - Topix.net

TAP Air Portugal's new owners say they intend to expand operations to 10 more U.S. destinations and eight more in Brazil, while bringing more passengers from those countries into Europe. David Neeleman, whose Gateway consortium is paying 354 million euros for a 61 percent stake in the flag carrier, said at the formal signing ceremony Wednesday he intends to inject fresh capital into the airline, which has debts of more than 1 billion euros.

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