Lufthansa negotiating a €9 billion bailout

Published on : Friday, May 8, 2020

The coronavirus continues to have a severe impact on international travel which has led Lufthansa to negotiating a €9 billion bailout with German authorities.

 The airline stated that the  negotiations and the process of political decision-making are still ongoing.

The deal includes a non-voting capital component, known as a so-called silent participation, a secured loan, and a capital increase.

The government will have a shareholding of up to 25 per cent plus one share, according to the company.

 Lufthansa said that the alternatives of a capital increase are being discussed and may include an increase at the nominal value of the share, if necessary, after a capital cut.

 Among those offering help are Switzerland, Austria and Belgium where Lufthansa has important subsidiaries.


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