The Lufthansa subsidiary Brussels Airlines took advantage of the first tranche of the EUR 290 million government loan. According to local media reports, 130 million euros were paid out to ensure survival in the current winter season.
Due to the corona pandemic, the Belgian government is granting a state-secured loan of EUR 290 million. A further 170 million euros are to be provided by the parent company Lufthansa, of which 70 million euros are to be used for the conversion of Brussels Airlines. Around 1.000 jobs are to be cut.
The money transferred by the crane has now been used up. The agreed process is that these funds must first be used up before Brussels can draw on the first tranche of the state-secured loan. The repayment must be made by 2026 at the latest.