Released on 19.09. 58 Lufthansa has decided on a capital increase worth billions to repay German state aid. Photo: Silas Stein Already heard? You can now also have your messages read out to you. Simply click on the play symbol in any article or add the article to your personal playlist using the plus symbol and listen to it later. Listen to the article: Lufthansa wants to finalize the repayment of state aid with the current federal government. For this, the coronavirus crisis has to raise billions. Frankfurt \/ Main (dpa) - Lufthansa is starting a capital increase worth billions to repay German state aid. The gross issue proceeds should amount to 2, 09 billion euros, as the MDax company announced on Sunday evening. The subscription price is 3, 58 euros per new share. The new Papers are expected to be sent to shareholders by 22. September to October 5 at a subscription ratio of 1: 1. Lufthansa wants to use the net proceeds to repay the silent participation I of the German Economic Stabilization Fund (WSF) in the amount of 1.5 billion euros. In addition, the intention is to repay the silent participation II in the amount of 1 billion euros in full by the end of the year and also to terminate the unused part of the silent participation I by then. KfW- Loan repaid Lufthansa boss Carsten Spohr recently emphasized that he wanted to regulate the repayment of German state aid with the current federal government. "We would like to clarify with the current contact persons," said the head of Germany's largest airline group just under two weeks ago. The state bank KfW has a loan of one billion euros Lufthansa has already repaid. For the repayment of the silent participations of the economic stabilization fund, Spohr had already announced the current capital increase . In total, it has used state aid amounting to 4 billion euros. The money comes from Germany and the neighboring states of Belgium, Austria and Switzerland. Pause button for mergers The repayment of all state aid applies also as a prerequisite for further mergers and acquisitions among Europe's airlines. As long as the companies in the industry are supported by the state, they are prohibited from merging. Even before the Corona crisis, it was clear that there would be further consolidation, said Spohr. The crisis practically pressed the pause button in this process. "The moment this government stabilization is paid back, this pause button will switch back to play," said the manager. "Because we have far too many airlines in Europe." Because of the corona pandemic and the associated travel restrictions, airlines all over the world lost most of their business in the past year. Many escaped bankruptcy only thanks to billions in government aid.