The federal government had saved Germany’s largest airline from economic collapse during the Corona crisis. Now the airline is paying back the money.
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, announced the group.
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.
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.
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.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
