2020
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Deutsche Lufthansa
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COVID Public Finance Support
How much was the company granted in public finance support (state aid) because of the COVID-19 pandemic ?
pg. 1
"Lufthansa Group - Lufthansa
€6,840,000,000 BAILOUT AGREED
The government will take a 20% share in the airline in return for €9bn in equity and loans which can increase to 25% plus 1 share if Lufthansa is subject to a hostile takeover bid. Berlin will also appoint two independent representatives to the supervisory board. Brussels airlines aid by Belgium, Swiss bailout by Switzerland and Austrian Airlines aid by Austria are deducted from the German amount, after German fund WSF approval and the Federal Ministry's declaration.
Euractiv June 2nd 2020"
https://www.transportenvironment.org/challenges/planes/subsidies-in-aviation/bailout-tracker/
Manali Rana.....2022-07-21 05:56:20 UTC
Aid Type : Loan / Partial takeover
Manali Rana.....2022-07-21 06:17:18 UTC