At its meeting today, the Supervisory Board of Deutsche Lufthansa AG discussed the acceptance of the stabilisation package offered by the Economic Stabilisation Fund (WSF) of the Federal Republic of Germany, including the necessary convocation of a General Meeting.
The Supervisory Board has taken note of the conditions currently indicated by the EU Commission. They would lead to a weakening of the hub function at Lufthansa’s home airports in Frankfurt and Munich. The resulting economic impact on the company and on the planned repayment of the stabilisation measures, as well as possible alternative scenarios, must be analysed intensively.
Against this background, the Supervisory Board was unable to approve the stabilisation package in connection with the EU conditions. However, the Supervisory Board continues to regard WSF stabilisation measures as the only viable alternative for maintaining solvency.
Deutsche Lufthansa AG will not convene an Extraordinary General Meeting for the implementation of the stabilisation measures for the time being.
This post was published on 27 May 2020 18:40
Romanian carrier seeks protection from creditors as total liabilities reach €25.4 million; flight operations face…
Jetstar and Qantas have banned an Australian social media personality from flying with their airlines…
The Flemish Government has invoked a conflict of interest against the proposed changes to flight…
Brussels Airport will add eight manual border-control positions for arriving passengers by the end of…
Typhoon Champi has disrupted air travel across Taiwan, forcing the cancellation of more than 600…
Copenhagen Airport (CPH) is experiencing major queues at security screening after new requirements introduced by…