Lufthansa pays back part of the German state aid

Released on 11. 10. 2021

  • Lufthansa passenger planes are on the tarmac at Frankfurt Airport. Photo: Boris Roessler

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The federal government had saved Germany’s largest airline from economic collapse during the Corona crisis. Now the airline pays money back.

Frankfurt / Main (dpa) – After its capital increase, Lufthansa repaid part of Germany’s billion-dollar state aid 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.

Lufthansa also wants to be by the end of the year repay the second silent contribution over one billion euros and cancel the unused part of the first contribution. Crisis saved from economic collapse after the airline 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 fully used them.

The group had already repaid a loan from the KfW state bank. With the issue of new shares, Lufthansa has now collected gross EUR 2 16 billion euros to replace further aid

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