Rescue of the Lufthansa: no insolvency

just one airline. The debates about emissions, climate change, cheap tickets and many of Europe standing planes are not brought to an end, and since the German

Rescue of the Lufthansa: no insolvency

just one airline. The debates about emissions, climate change, cheap tickets and many of Europe standing planes are not brought to an end, and since the German Lufthansa will come to a very large state aid, that they may be injected in the future, after the Corona-pandemic, yet around the Globe, with a lot of fliers and short holiday makers on Board. It is no Surprise that such a project leads to very heated discussions.

However, the group and the policy delivered in a much too long prelude to the Lufthansa rescue. The aroused demands and the ingenuity of many of the parties, Environmentalists, trade unions, shareholders, the EU authorities. It was in March, clear that Lufthansa will need help if the crisis fails, long and hard. At the time, would have been time to discuss it with the stock shareholders through a large capital increase, escorted by government-secured loans. But you moved first of all to Save. The emergency call, the group continued, at least publicly, until, as the duration and the drama of the pandemic were apparent.

Even then, people were not in Berlin to the goal of making the rescue particularly good business for the Federal government. More speed at the beginning would have made the screenplay for the rescue crime less nerve-wracking. A after a long struggle reached a compromise has also attracted a controversial Investor from the cover, the entrepreneur Heinz Hermann Thiele. The worked until shortly before the gates closing as a cross driver with diffuse Mission and delayed financial market and air travel in bright excitement.

the end of a suspended game

having A strong domestic airline is in the national interest. This has to do with the peculiarities of air travel. Direct flights from Germany in many distant countries, foreign companies are already legally denied. Rivals in the EU would have little interest in, in Frankfurt, a new hub to rebuild if their home bases are close to. Germany would be tied without a national Airline in sight is worse in the Rest of the world – with consequences for the economy as a whole. This could also be a bankruptcy similar to the protective shield proceedings to turn away. However, the loss of Reputation for Lufthansa would be enormous, workers threatened a lot of brachialere cuts. Without billion loan from the state, would accomplish the rescue with the crowbar still barely.

Updated Date: 25 June 2020, 03:19

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