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Airlines looking for new money

2021-09-20T18:45:33.519Z

Lufthansa will carry out a capital increase. Air France-KLM does not exclude it.



Lufthansa's chief financial officer, Remco Steenbergen, made it clear in August. The German air carrier which has four companies (Lufthansa, Austrian, Swiss and Brussels Airlines) was looking for solutions to restore color to its balance sheet. Sunday, the group decided: it will proceed, from Wednesday, to a capital increase of 2.14 billion euros. All the major shareholders and a group of fourteen banks have already indicated that they would participate in this operation.

"While it has the support of the State, the group's largest shareholder with 16%, Lufthansa prefers not to wait

," said Yann Derocles, financial analyst at Oddo.

After the German elections to be held on September 26, there is no guarantee that Angela Merkel's successor will have the same opinion on the subject. ”

See also

The fragile takeoff of airlines in Europe

Air France-KLM does not have the same schedule constraints.

But the Franco-Dutch consortium is more or less in the same logic.

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Source: lefigaro

All business articles on 2021-09-20

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