On Tuesday, Lufthansa held the general meeting of shareholders purely virtually for the second time in the company's history. The partners gave the go-ahead for further loans.
The chairman of the supervisory board, Karl-Ludwig Kley, told the shareholders that the bankruptcy “would not have been avoidable” without government assistance. Nevertheless, he emphasized that the funds made available by the German government should be repaid as quickly as possible. This step should also be taken in order to get rid of the involvement of the WSF. In the previous year, Lufthansa initially braced its hands and feet against the state's participation, but then gave in in order to be able to get around nine billion euros.
Lufthansa has so far drawn around 2,8 billion euros in aid and rescheduled part of the funds to capital market bonds. Group boss Carsten Spohr is now aiming for a capital increase, but cannot yet provide any details on the time and extent. The aim, however, should be to be able to “trigger” the state in the medium term.
The board of directors and the supervisory board received the blessing of the shareholders for taking out further loans. Furthermore, there is also the possibility of being able to call up further financial resources from the state aid. Carsten Spohr currently expects that around 2021 percent of the pre-crisis capacity will be in the air in the summer of 40. For the coming year, who is forecasting growth again.