Last week, Deutsche Lufthansa AG received the first tranche of around one billion euros from the € XNUMX billion rescue package. A spokesman for the group confirmed that the call was made from the loan from the Kreditanstalt für Wiederaufbau.
Germany is providing a total of three billion euros through KfW. The other financial resources from the rescue package come mainly from the free capital market and are secured by a liability of the Federal Republic of Germany. The aviation company can determine the time of the disbursement of the next tranche of KfW funds.
In order to receive the state rescue package, Lufthansa had to accept the entry of the Federal Republic of around 20 percent. This initially led to resentment among shareholders. Ultimately, however, the required two-thirds majority was achieved at a general meeting. Ryanair announced a few weeks ago that they would take the state aid to Lufthansa before the European Court of Justice.