With funds raised through a capital increase, Lufthansa repays the silent participation I of the German economic stabilization fund. The transaction has a volume of 1,5 billion euros.

The crane group also announced that it intends to repay all silent contributions from the WSF by the end of the current year. The aim is to largely trigger the Federal Republic of Germany, which is involved directly and through silent contributions due to the billions in government aid.

The capital increase flushed Lufthansa around 2,162 billion euros into the coffers. The new shares have been traded on the Frankfurt Stock Exchange since Monday. The measure is now complete.

“We are very grateful that Deutsche Lufthansa AG has been stabilized with tax revenues in the most difficult times. As a result, more than 100.000 jobs were saved and secured for the future. We are now paying back a large part of the stabilization funds earlier than expected, thus keeping our promise. We are increasingly optimistic about the future. More and more countries are opening their borders, and the demand for air travel, especially from business travelers, is growing every day. Nevertheless, the environment for airlines remains challenging, so we are systematically continuing our transformation. Our goal remains unchanged: The Lufthansa Group will continue to defend its position among the top 5 airline groups in the world ”, says company boss Carsten Spohr.

After the repayment of the silent participation I, the group intends to repay the silent contribution II in the amount of one billion euros by the end of 2021 and to terminate the unused part of the silent contribution I by the end of 2021. A KfW loan of 1 billion euros had already been repaid early in February 2021. The WSF, which now holds 14,09 percent of the share capital, has undertaken not to sell any shares in the six months after the capital increase has been completed. However, the sale of the participation should be completed no later than 24 months after the capital increase has been completed, provided that the company has repaid Silent Contribution I and Silent Contribution II as intended and the contractual requirements for this are met.