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The Federal Republic of Germany is initiating the withdrawal from Lufthansa. The state finance agency announced that the stake will be reduced to around 15 percent. This means that the Economic Stabilization Fund will lose its blocking minority. In the summer of the previous year
The shareholders of Tui AG gave their consent to the new rescue package at an extraordinary general meeting that was held virtually due to the corona pandemic. This was necessary because the rights of the shareholders are deeply interfered with,
The travel company Tui has already received around three billion euros in state aid and is now in negotiations for a further two billion euros. According to Reuters, the talks are still at the beginning. Neither Tui nor
The financial situation of the carrier Norwegian Air Shuttle, which was already ailing before the corona pandemic, has worsened in recent weeks. Various local media reports that top executives are in talks with the Norwegian government about a possible
Two new members will join the supervisory board of Deutsche Lufthansa AG for the Federal Republic of Germany, which participated in the group as part of the rescue package. This is the former director of the airport
The travel company Tui is receiving government aid in the billions from the Federal Republic of Germany. The existing loan, which was granted by the federally owned credit institution for reconstruction at the beginning of the corona crisis, has been increased by 1,05 billion euros
The management of the financially troubled airline El Al agreed after the cessation of flight operations and an initial refusal to accept the government of Israel's rescue package. This sees a temporary re-entry of the state as a shareholder
Despite billions in government aid, up to 22.000 jobs at the Lufthansa Group are in acute danger. The group wants to restructure itself radically. Deutsche Lufthansa AG is launching another austerity program under the project title “ReNew”,
Michael O'Leary, Director General of Ryanair Holdings PLC, which includes the operating airlines Lauda, Malta Air, Buzz, Ryanair DAC and Ryanair UK, announced on Thursday a lawsuit against the rescue package approved by the EU Commission for the
The shareholders, external investors and the administration of the Hong Kong Special Administrative Region are helping the financially troubled carrier. The public sector gets involved. The airline Cathay Pacific was already badly shaken before the corona pandemic, because
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