The airline will receive nine billion euros to overcome the consequences of the coronacrisis from the German government.
The European Commission has officially approved Germany’s plans to allocate nine billion euros to recapitalize Lufthansa in connection with the crisis caused by the coronavirus pandemic. On Thursday, June 25, the press service of the EC.
“Germany will contribute six billion euros to recapitalize Lufthansa along with a government guarantee of three billion euros on a loan. This significant amount of assistance will help Lufthansa withstand the current coronacrisis, which hit the aviation sector especially hard,” said Margret Westagher, vice president of the organization.
Note, now for the financial assistance package in exchange for assuming a number of obligations, the company’s shareholders should vote.
To save the company, the German Economic Stabilization Fund has approved a help package that provides for participation in the assets of Deutsche Lufthansa AG in the amount of up to 5.7 billion euros, as well as the purchase of 20% of the company’s capital.
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