The AUA mother, battered by the Corona crisis, has again obtained one billion euros in fresh money on the capital market. 

The bond consists of two tranches of 500 million euros each, announced the airline, which is listed in the MDax, on Wednesday evening after the market closed. The first tranche with an annual interest rate of 2,0 percent has a term until 2024. The second tranche runs until 2029 with an annual interest rate of 3,5 percent.

Lufthansa intends to use the newly borrowed money to strengthen its liquidity. “We are continuing to work consistently on our restructuring measures in order to reduce the government stabilization measures as quickly as possible,” said CFO Remco Steenbergen according to the announcement. The governments of Germany, Austria, Switzerland and Belgium had promised Lufthansa financial aid of over nine billion euros last year in view of the collapse in business as a result of the pandemic, thus saving the group from economic collapse.

In addition, Lufthansa is continuing to prepare for a capital increase in order to repay the state aid it has received. The board of directors and the supervisory board had not yet made a decision on the scope and timing, it was now said.