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In its report, the magazine relied on information from negotiating circles. According to “Spiegel”, € 5.5 billion should flow to the affected Lufthansa in the form of silent participation from the German federal government. In return, the German government demands a guaranteed dividend of nine percent.
In addition, the state wants to get a direct 25.1 percent stake in Lufthansa, according to “Spiegel,” which should cost just under a billion. The state credit institution for reconstruction (KfW) should contribute another 3.5 billion euros. The government wanted to provide a guarantee for this, he said.
Lufthansa is silent.
A Lufthansa spokeswoman declined to comment on the report on demand. According to various media reports, negotiations on the aid package are still ongoing. The “mirror” report obviously refers only to the government side. However, an agreement must also be reached with Lufthansa on the terms of the support package.
Financial support, which Austria, Belgium and Switzerland provide to Lufthansa subsidiaries, Austrian Airlines (AUA), Brussels Airlines and Swiss, must be accounted for for federal aid according to the “Spiegel”. There is a corresponding decision from Switzerland, the AUA has requested help.
In short: participation is not off the table
According to Federal Chancellor Sebastián Kurz (ÖVP), the participation of the Republic of Austria in Lufthansa in exchange for AUA state aid is not off the table. On Wednesday there was a meeting between the Chancellor, Deputy Chancellor Werner Kogler (Greens), Finance Minister Gernot Blümel (ÖVP) and Secretary of State Magnus Brunner (ÖVP) with Lufthansa CEO Carsten Spohr. State aid for Lufthansa’s subsidiary, AUA, is only available if the location is secure, Kurz said Wednesday night at ZIB2.