Lufthansa has been hard hit by the Corona crisis. In addition to billions in aid, there is also talk of an entry by the federal government. Union Investment warns that this also entails risks.
Berlin / Frankfurt (dpa) - The investment company Union Investment of the cooperative Volks- und Raiffeisenbanken has spoken out against excessive government influence at Lufthansa.
In the negotiations with the federal government about state aid, Lufthansa boss Carsten Spohr should not go overboard, portfolio manager Michael Gierse warned of the general meeting of the Dax group planned for Tuesday.
"The state is not the better entrepreneur. (...) If politics interferes in business, we see the risk of an oversized infrastructure that is not sufficiently adapted to the new normal," said the investor representative in Frankfurt on Monday . The corona crisis also offered a scaled-down Lufthansa opportunities to operate a more modern fleet and to significantly reduce emissions of climate-damaging emissions.
On behalf of the shareholders, Union Investment demands a simpler corporate structure and a clear focus on the premium segment. "And mind games about the purchase of difficult restructuring cases like Alitalia are self-evident after the crisis!" Explained Gierse. He expressly praised the company's crisis management.
The Lufthansa Group was hit hard by the Corona crisis and reduced its flight operations to a minimum. The company is negotiating state aid with the home states of its airlines. A package of around EUR 10 billion is under discussion in Germany. According to reports, in addition to a silent, interest-bearing federal contribution, direct government participation is also planned. The board of directors and the supervisory board of Lufthansa are discussing the situation this Monday.
Spohr speech manuscript for AGM on 5.5.
