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                                                                      Business                                      The Portugal News • 22 Sep 2018 19



      TAP to keep wind limits for Madeira landings - CEO



       Portugal’s flag-carrier TAP is going to keep the wind-speed limits it defined for landings at Madeira airport because it
       studied the matter and has “its operating and safety standards”, the CEO has told parliament.
             he topic was one  different conclusions than  the group having sold more  with the remaining 5%  and Portugal. However,  firms including Hilton
             of the most       TAP, but TAP has its    than €15 billion in assets  being in the hands of its  shortly after a year, the  Hotels, Swissport and
             important points  operating standards, it has  this year to stave off the  employees.      company announced the   Deutsche Bank, is already
      Tin a hearing of         its safety standards, which I  liquidity crunch.  China’s Capital Airlines, one  flight would be suspended  under the supervision of a
      CEO Antonoaldo Neves who  have reviewed with the  Last month the aviation-to-  of HNA’s subsidiaries, in  between October and  group of bank creditors, led
      told reporters it was the  specialists and we believe  hotels conglomerate also  July 2017 launched the first  March.     by the China Development
      regulator’s job in some  they are perfectly adequate,  began to miss payments to  direct flight between China  HNA, which has shares in  Bank.                            TPN/Lusa
      matters to define limits and  including for the new plane -  individual investors through
      “it is up to the operator to  A320 neo- that recently  online direct P2P financing
      decide whether to operate at  landed in Madeira to test the  platforms. The company
      that limit or at another limit  wind limits”, he added.  also almost failed another
      that is slightly lower”.  In related news, Chinese  loan worth €124 million.
      Speaking to reporters after  conglomerate HNA, which  HNA’s debt stood at €77
      more than three hours in the  owns a stake in Portugal’s  billion at the end of last year,
      Economy, Innovation and  flag carrier TAP Air Portugal  according to the company’s
      Public Works Committee, he  through the Atlantic Gateway  annual financial report.
      said that even if the wind  consortium, has failed in  The company has a stake in
      speed limits were raised at  paying a debt worth over €37  the private consortium
      Madeira, TAP would not   million amid liquidity issues,  Atlantic Gateway, which
      follow suit because it had  a Chinese investment fund  holds 45% of TAP. The
      studied the matter.      revealed.               Portuguese government
      “Others may come to      The default comes despite  retains a 50% stake in TAP,


      Lithium exploration being discussed

      at Guarda international conference

       The prospecting and exploitation of lithium is being debated in Guarda until
       The prospecting and exploitation of lithium is being debated in Guarda until
       The prospecting and exploitation of lithium is being debated in Guarda until
       The prospecting and exploitation of lithium is being debated in Guarda until
       The prospecting and exploitation of lithium is being debated in Guarda until
                                                                                TAP President Antonoaldo Neves pictured here addressing MPs at a Parliamentary inquiry
                                                                                TAP President Antonoaldo Neves pictured here addressing MPs at a Parliamentary inquiry
       this Saturday at an international conference that is to include field visits.  TAP President Antonoaldo Neves pictured here addressing MPs at a Parliamentary inquiry
       this Saturday at an international conference that is to include field visits.
       this Saturday at an international conference that is to include field visits.
                                                                                TAP President Antonoaldo Neves pictured here addressing MPs at a Parliamentary inquiry
                                                                                TAP President Antonoaldo Neves pictured here addressing MPs at a Parliamentary inquiry
       this Saturday at an international conference that is to include field visits.
       this Saturday at an international conference that is to include field visits.
                                                                                into the airline’s business. (Photo: Lusa/António Pedro Santos)
                                                                                into the airline’s business. (Photo: Lusa/António Pedro Santos)
                                                                                into the airline’s business. (Photo: Lusa/António Pedro Santos)
                                                                                into the airline’s business. (Photo: Lusa/António Pedro Santos)
                                                                                into the airline’s business. (Photo: Lusa/António Pedro Santos)
        The ‘EuroWorkshop’ on lithium      Portugal, legal aspects associated with
      resources in Portugal is being organised  requests for prospecting and research
      by the Portuguese Geologists Association,  and mining, the role of industrial mineral
      in collaboration with the Polytechnic  extraction companies, technological
      Institute of Guarda (IPG) and the    advances related to their mineral and
      European Federation of Geologists (EFG).  metallurgical processing and the
        According to organisers, the initiative  environmental impact related to
      intends “to show the important role that  prospecting and exploitation.”
      Portugal can have in research and      The event is also to include study visits to
      prospecting as well as the possible  lithium extraction sites currently active in
      exploitation of lithium on a global scale”.  the Guarda region, and to ancient tin,
        Among the various topics to be     feldspar and quartz mines in the Viseu
      addressed, the IPG said, are “the main  region that are to be researched and
      lithium occurrences already known in  prospected for lithium.                         TPN/Lusa
       Portugal has EU’s second lowest job vacancy rate
       Portugal has EU’
       Portugal has EU’
       Portugal has EU’s second lowest job vacancy rates second lowest job vacancy rate
       Portugal has EU’s second lowest job vacancy rates second lowest job vacancy rate
        Portugal has the second  rate registered in the same  The highest job vacancy
      lowest job vacancy rate in  quarter of last year but  rates were registered in
      the second quarter at 0.9  remains steady compared  the Czech Republic (5.4
      percent, compared with 2.1  to the first quarter.  percent), Belgium (3.5
      percent in the eurozone and  In the EU, the 2.2 percent  percent), Netherlands (3.1
      2.2 percent in the European  rate registered from April to  percent) and Germany
      Union (EU), Eurostat     June represents a       (2.9 percent), while the
      reported on Monday.      progression compared to  lowest were seen in
        In the euro area, the job  the 2.0 percent of year-on-  Greece (0.7 percent),
      vacancy rate rose to 2.1  year job vacancies, the  Bulgaria, Spain and
      percent from April to June  same level as in the first  Portugal (0.9 percent
      compared to the 1.9 percent  three months of the year.  each).                          TPN/Lusa
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