The Lufthansa Group, which has been badly hit by the corona crisis and supported with nine billion euros, is raising a further 600 million euros on the capital market in the form of a convertible bond. This is only open to institutional investors for subscription. The carrier wants to use the money for "general business purposes".

The adhoc announcement shows that two to 2,25 percent interest should be paid per year. There is increasing pressure on the Executive Board of the Lufthansa Group, for example major shareholder Heinz-Hermann Thiele recently called for radical staff cuts. Compared to the mirror, a member of the government said that the personnel costs would eat up the group downright. The shareholder also demands that Lufthansa should sell holdings. Air Plus and Austrian Airlines are cited as examples in the Spiegel report. One sentence earlier there was talk of "silverware", which was true at Swiss before the pandemic, but not at AUA.

There are currently many indications that the state aid granted by Austria, Germany, Belgium and Switzerland could be used up in the foreseeable future. According to its own statements, the group loses a lot of money every month and tries to limit the outflow to 350 million euros per month. Despite short-time work, according to the Spiegel report, the government is apparently only locating savings potential in the personnel area. Considerable resistance from the trade unions can therefore be expected.