/>

Post a Comment Print Share on Facebook

reads.

Lufthansa's board of directors says yes to the big aid package

Lufthansa's board of directors accepts the terms and conditions that are attached to a large aid package to nine billion euros.

It is the German government, which makes the package available to help the airline through the coronakrisen.

In Danish kroner, the amount to 67,5 billion.

The final approval of the package must be 25. June at an extraordinary meeting of Lufthansa's shareholders.

- We recommend that the shareholders follow this path, says Karl-Ludwig Kley, chairman of the board, in a statement.

Lufthansa must pay in order to get help.

In common with most other airlines are also Lufthansa in deep trouble, because there is no air traffic during the coronakrisen.

the Agreement says that the German state will get a stake of Lufthansa 20 percent.

the Proportion can rise to 25 percent, if there were to be attempts from the outside to take over Lufthansa.

at the same time, Lufthansa will have to divest up to 24 of its slots at airports in Frankfurt and Munich to other companies.

Slots are the rights to the departures and gates.

Lufthansa said according to news agency Reuters, that it is obvious that international air traffic will not become as before the crisis in the foreseeable future.

- The expected slow return of the global air traffic makes it inevitable to adjust our capacity, as Carsten Spohr, Lufthansa's ceo, says.

Before the crisis had Lufthansa 760 aircraft and 140.000 employees.

At the end of april, said Spohr to employees, to Lufthansa after the crisis expected to use about 100 fewer aircraft and 10,000 fewer employees.

Lufthansa comes on Wednesday with its financial statements for the first quarter.

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.