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“Good conversations” about possible state aid for Austrian Airlines.
Federal Chancellor Sebastian Kurz has not yet decided whether Austrian Airlines will receive state support from the Republic of Austria. There are “good discussions” with Lufthansa, but: “It still cannot be said whether an agreement can still be reached.” But both sides are trying, “the politician told Handelsblatt.
The German airline is running out slowly but surely because, by May 18, 2020, there must be a business plan to receive a positive continuation forecast for Austrian Airlines. This cannot be implemented without capital inflow. Therefore, it can be assumed that intensive negotiations will take place in the coming days. Secretary of State responsible for aviation Magnus Brunner did not rule out the insolvency of the Lufthansa subsidiary a few days ago.
Sebastian Kurz told Handelsblatt that he believes introducing a state economy is the “absolutely wrong way.” He said explicitly about aviation: “But suddenly, believing that the state is in a better position to run a company as an airline than the managers there, would consider it a dangerous approach.” It would be important that between “necessary financial injections and support measures in times of crisis and the question of whether the state is a good businessman.”
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