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According to a media report, the state wants to make nine billion euros available to rescue the battered Lufthansa. Consequently, the federal government has agreed with the airline on a rescue package.
The plan accordingly: The federal government will participate in society in the future, as reported by the business magazine “Business Insider”, citing corporate circles. In return, you should receive a blocking minority and one or two terms of office of the supervisory board.
According to the report, the key points are said to have been resolved on Monday afternoon during a round of negotiations between representatives of the Federal Government and Lufthansa at the labor level. The issue will finally be discussed today between Lufthansa CEO Carsten Spohr and Chancellor Angela Merkel (65, CDU) and Finance Minister Olaf Scholz (61, SPD).
A Lufthansa spokeswoman declined to comment on the report when BILD asked.
Insiders deny the deal
Meanwhile, experts have denied the deal.
“There is no agreement,” it was said in corporate and government circles on Tuesday.
The question of what instrument the state uses to maintain a stake in the aviation group and how much influence it will have in operational business is controversial in the federal government..
CDU / CSU politicians spoke out in favor of silent participation without the right to vote. SPD politicians called for input through a package of actions, with which the Supervisory Board can help decide, for example, on issues such as job development.
Airline in crisis
The largest German airline is suffering especially from the crown crisis. Lufthansa chief Spohr has already tuned in to airline employees in difficult times. Announced a reduction in fleet personnel. Until now, Lufthansa had mentioned the number of 7,000 jobs that could be lost due to the crisis. Among other things, the operation of the company “Germanwings” will be suspended.
Before the crown pandemic broke out, the group had around 130,000 employees and 760 planes worldwide.
GroKo politicians have made it clear in recent days that they want to keep the airline in its current form. However, in the coalition, the way in which Lufthansa should be supported was clearly controversial.
The leader of the SPD parliamentary group, Rolf Mützenich, had explicitly rejected silent participation in BILD. “If companies like Lufthansa receive billions of dollars in tax aid, the federal government also has something to say about it,” he said. “This is essential because of the responsibility of the employees.”
Bavarian Prime Minister Markus Söder (53, CSU), on the other hand, spoke in favor of another solution: “Of course, it is important to save Lufthansa. Lufthansa is a systemically important company, ”said Söder after a meeting of his party’s board in Munich on Monday. However, the state must act “as a silent partner and not as a shareholder.”
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