Lufthansa needs in the Corona-crisis state aid – but also the shareholders to vote? Prior to the annual General meeting of the Airline, there is a turn.
In the Corona-crisis* Lufthansa staggers violently – to the shareholders of the state help? The question is decided on Thursday (25. June) on the annual General meeting of the Airline . The youngest characters in the subject uniquely.
Update from 25. June, 11: 24 am : Prior to the decision of Lufthansa shareholders over a multi-billion dollar rescue package have advertised in Finance Minister Olaf Scholz (SPD) and economy Minister Peter Altmaier (CDU) again for the offer of the collar. “It’s a good offer on the table, the Lufthansa shareholders should accept it,” said Scholz. The Federal government offers the Lufthansa and more than one hundred thousand employees “in an unprecedented emergency situation” , the support, the aid package true at the same time, “the legitimate interests of taxpayers.”
Altmaier welcomed the decision of the EU Commission on Thursday to approve the stabilization package for the aviation group. “Thus, the path for the assistance package is free,” he said. It was “right and important” to help the from the effects of the Corona pandemic in hard-hit company: “we are talking about hundreds of thousands of jobs and it comes to Germany’s Position in world markets.”
+ Federal Minister Peter Altmaier (CDU),©Reuters / John Macdougall
Lufthansa in the Corona-crisis: annual General meeting in 2020, with voltage
Update from 25. June, 10.58 PM : 12 PM the much-anticipated annual General meeting of Lufthansa begins . Will accept the shareholders of the airline, the state-aid package of nine billion euros (see first message)? If a major shareholder Heinz Hermann Thiele would vote for it, would be a associated initial state at the Lufthansa nothing in the way.
Lufthansa in the Corona-crisis: Brussels approves billions in aid from the Federal government
first message from the 25. June : Brussels, – The competition guardian the EU-Commission have the Lufthansa-rescue package, the Federal government approved . The approval is however subject to the condition that the largest German airline to comply with obligations to avoid distortions of competition , like the authorities in Brussels announced on Thursday.
The Lufthansa management had failed due to their massive needs in the Corona-crisis* the rescue program with the Federal government will be negotiated. It state provides for the assistance of nine billion euros.
Lufhansa rescue package in Corona-crisis: Long Hesitation in the case of large investor Thiele
Shortly before the decisive annual General meeting the characters for the future the Lufthansa at noon on Thursday on the approval of the shareholders to the government rescue plan. At Munich airport,* there was, however, a Lufthansa employee Demo for the planned rescue package, many fear for their jobs.
The Munich-based billionaire and a big investor in Heinz Hermann Thiele announced, after a long delay on Wednesday evening to be ” Yes ” to the multibillion-dollar aid program that the Federal government goes in the by the Corona-crisis* hard-hit aviation group. In addition, Lufthansa agreed with the flight attendants ‘ Union UFO on austerity measures of more than half a billion euros.
billion rescue package for Lufthansa: a Meeting of Thiele, Scholz, Altmaier, and Spohr
The necessary a two-thirds majority for the state program shall apply after the announcement of Thiele’s as backed up. Against his resistance to the entry of the state in the Lufthansa would not have been possible. Thiele said the Frankfurter Allgemeine Zeitung (FAZ), his doubts were not removed after discussions with the Federal government, though. Ultimately, he could not but vote for a Declaration of bankruptcy of the Airline.
Up to Wednesday, the approval of the shareholders was, however, still uncertain – up to the Interview with Thiele’s in the FAZ. The entrepreneur had increased his vote share in the last week to around 15.5% – for the annual General meeting, investors had registered only with a vote share of a total of 38% . Without the Thiele a two-thirds majority would not have been so accessible.
rescue of the Lufthansa in Corona-crisis: Higher prices for airline tickets?
In a previous Interview with the FAZ, had criticized Thiele, the terms of the rescue package. He came primarily to the planned participation of the Federal government in the amount of 20 percent . On Monday, Thiele met with the Federal Finance Minister, Olaf Scholz (SPD) , Federal Minister Peter Altmaier (CDU) and Lufthansa-Chef Carsten Spohr . “There are a variety of positions with the government representatives,” said Thiele in the Interview. Nevertheless, he announced: “I will vote for the draft resolution.”
In the run-up to the Assembly group-chef Spohr assured that the company would not increase the ticket prices – he even expects a decrease in prices. “Spontaneously, I would say, first of all, prices are falling because of too much supply in the market, but not all Airlines will survive Corona* in the long term,” said Spohr, the Bild-Zeitung. (dpa/AFP/frs)
*Merkur.de is part of the nationwide Ippen-Digital editors network.
section list image:©dpa / Boris Roessler
