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  • Tue. Nov 5th, 2024

Special: Germany in talks to inject billions into Lufthansa

Special: Germany in talks to inject billions into Lufthansa

FRANKFURT (Reuters) – Germany is in speak to supply Lufthansa ( LHAG.DE) with billions of euros in state help and could take a stake in the airline, which has grounded more than 90%of its fleet due to the coronavirus pandemic, people close to the matter stated.

FILE PICTURE: Planes of German carrier Lufthansa a parked on a closed runway at the airport in Frankfurt, Germany, March 23, 2020, as the spread of the coronavirus illness (COVID-19) continues. REUTERS/Kai Pfaffenbach/File Picture

The government and airline are going over loans in addition to a possible equity financial investment as Lufthansa grapples to cope with Berlin’s order to all but stop its operations, individuals stated.

” We remain in close contact with the federal government to secure our liquidity”, a Lufthansa spokesperson stated, however decreased to comment on the information.

A representative for the Economy Ministry declined to comment.

Lufthansa is working with banks including Deutsche Bank ( DBKGn.DE) in its talks with the German federal government, individuals said. Goldman Sachs ( GS.N) had actually been well-placed to protect a leading role, but it remains un

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