Due to the low attendance at the upcoming Annual General Meeting, a two-thirds majority is required to accept the rescue package. Lufthansa boss Spohr assumes a rejection and has ordered the early payment of salaries.

Lufthansa boss Carsten Spohr informed the workforce at the weekend that only 38 percent of the voting capital had been registered for the general meeting. This means that a two-thirds majority is necessary for the rescue package negotiated with the German federal government to be adopted.

Due to the negative attitude of a major shareholder who holds 15 percent of the share capital and is registered for the Annual General Meeting, the necessary approval is likely to be difficult to obtain. Spohr writes: “On Thursday the general assembly will decide on the acceptance of the German government's stabilization package. As of last night, we have known that our shareholders have registered less than 38 percent of the capital for this Annual General Meeting. It is therefore certain that a two-thirds majority must be achieved in the vote, which, according to the latest statements by important shareholders, does not seem certain, especially regarding the terms of the capital increase. "

Also, precautions have already been taken in the event of rejection. The time remaining until filing for bankruptcy will be used to discuss alternative options with the German government. Carsten Spohr writes that grounding should be prevented.

“In order to save you and your families any further uncertainty during these anxious weeks, we on the Board of Management decided at the weekend to bring forward the payment of remuneration for the first time in Lufthansa history and to assign the June salaries tomorrow, Monday, June 22nd. We would like to guarantee an undisturbed salary payment run for all of you, which in the regular procedure would have happened on the day after the extraordinary general meeting with all the potential imponderables ”, said Spohr in the employee letter.