The German government has agreed on a comprehensive support package for Lufthansa. The company was operationally healthy and profitable prior to the coronavirus pandemic and its future prospects are good.
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All in all the stabilisation measures for Lufthansa are worth nine billion euros. Agreement was reached on Monday in the Committee of the Economic Stabilisation Fund. The package takes into account the needs of the company, while not losing sight of the interests of the tax-payer and of the Lufthansa Group’s workforce, which is dependent on Lufthansa remaining strong.
The deal includes the following:
The emergency relief package of the German government still needs to be approved by the European Commission. Federal Minister for Economic Affairs Peter Altmaier explained that it is absolutely essential that Lufthansa continue to operate in Germany. This is something worth fighting and working for, he said.