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Lufthansa pays back part of the German state aid

2021-10-11T17:20:49.558Z

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) of 1.5 billion euros, the group announced on Monday evening. By the end of the year Lufthansa wants to repay the second silent contribution of one billion euros and cancel the unused part of the first contribution.



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) of 1.5 billion euros, the group announced on Monday evening. By the end of the year Lufthansa wants to repay the second silent contribution of one billion euros and cancel the unused part of the first contribution.

Frankfurt / Main - With the help of the WSF, the federal government saved Lufthansa from economic collapse during the Corona crisis after the flight business had almost completely collapsed.

Together with Austria, Belgium and Switzerland - where the group subsidiaries Austrian Airlines, Brussels Airlines and Swiss are based - the Federal Republic provided nine billion euros for this.

Lufthansa never used them in full.

also read

Lufthansa: capital increase to repay state aid

Lufthansa wants to bring the repayment of the state aid under the roof with the current federal government.

For this, the group, which was shaken by the Corona crisis, has to raise billions.

Lufthansa: capital increase to repay state aid

Lufthansa: capital increase for state aid repayment

In the Corona crisis, Lufthansa had to be saved from crashing with taxpayers' money in the billions.

Now the group is starting to get out of the state.

Lufthansa: capital increase for state aid repayment

Lufthansa: capital increase for state aid repayment

In the Corona crisis, Lufthansa had to be saved from crashing with taxpayers' money in the billions.

Now the group is starting to get out of the state.

Lufthansa: capital increase for state aid repayment

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

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.

dpa

Source: merkur

All news articles on 2021-10-11

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