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Lufthansa pays back part of the corona aid

2021-10-11T17:08:50.413Z

Germany's largest airline has repaid the state around 1.5 billion euros. The money had saved the group from bankruptcy in the 2020 corona crisis.



Enlarge image

Lufthansa machine

Photo: Stefan Sauer / DPA

After its capital increase, Lufthansa repaid part of the billions in government aid from Germany as planned.

This concerns the claimed part of the first silent contribution of the Economic Stabilization Fund (WSF) in the amount of 1.5 billion euros, announced the group.

By the end of the year Lufthansa wants to repay the second silent participation over 1 billion euros and cancel the unused part of the first contribution.

The federal government saved Lufthansa from economic collapse last year after the flight business had at times almost completely collapsed as a result of global travel restrictions.

Together with Austria, Belgium and Switzerland, the Federal Republic made available nine billion euros for this, but Lufthansa never used it in full.

The group had already repaid a loan from the German state bank KfW.

By issuing new shares, Lufthansa has now collected a gross amount of 2.16 billion euros in order to be able to redeem further aid.

ssu / dpa

Source: spiegel

All business articles on 2021-10-11

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