Dispute about the rescue package: The oomph of the Lufthansa

In times of billions in aid, the word "oomph" underwent an almost inflationary use. What happens, however, is just around the alleged rescue of the rich tradi

Dispute about the rescue package: The oomph of the Lufthansa

In times of billions in aid, the word "oomph" underwent an almost inflationary use. What happens, however, is just around the alleged rescue of the rich tradition of Lufthansa, is nothing short of a huge punch. Because the major shareholder Heinz Hermann Thiele has not only expressed in the conversation with the F. A. Z. his displeasure over the content and communication of the planned Berlin cash injection of around EUR 9 billion, but its proportion of equities to 15 percent increases. Thus, it has become even more difficult, the start of the government on the extraordinary General meeting next week, against him to enforce.

Thiele threatens not to open with a no, but he wants to trade the package again after-and, above all, the influence of the policy on the restructuring of the airline to prevent it. This means state aid Yes, but please without a voice? Learned nothing, will feel, some say, and the rescue of the financial industry after Lehman recalls. At that time, the realization that, in the future, first of all, the shareholders need to be liable, before the state jumped in, aged.

However, Thiele's Argument is caught, that the state get put in the case of Lufthansa for its help (unlike in the case of Commerzbank) an exquisite interest in the prospect in return, but from the operational side of the business to keep.

Is it Thiele chance?

While the Finance Minister, Olaf Scholz, with a view to next Thursday makes demonstrative in optimism, outlined the Lufthansa Management in the event of a failure of the auxiliary package of the Alternative a insolvency and touts desperate among small shareholders to have their votes.

Updated Date: 18 June 2020, 06:19

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