The airline Swiss receives another emergency loan of 200 million Swiss francs from its parent company. A loan of the same amount had already been granted beforehand. Dividend payments of 300 million Swiss francs were also waived.
The background is, according to the “Tages-Anzeiger”, that the German federal government has not yet given the approval for the Swiss rescue package, which was negotiated with the Swiss government. The medium suspects that Swiss financial resources are running out, as an enormous number of flight tickets have to be reimbursed to travel agencies and private individuals.
The Lufthansa subsidiary currently only operates around a third of the regular flight offer. The utilization is described in the report of the “Tages-Anzeiger” as “moderate”. Therefore, the income should also keep within narrow limits.
In Switzerland, Swiss was granted a loan of 1,5 million Swiss francs, but the payment can only be made once the German government has given its approval. In the aid package for Lufthansa (nine billion euros) there are corresponding clauses that support from Switzerland, Belgium and Austria for Swiss, Brussels Airlines and Austrian Airlines requires the approval of Berlin. When this will be granted is currently completely unclear.