Lufthansa Boeing 747: Acquisitions are forbidden.
Lufthansa
EU approves state aid
Lufthansa is facing a takeover ban
The European Union has no objections to the state aid package for Lufthansa. However, there are conditions - including a takeover ban.
Top-Jobs
Administrator AVOR & CAMO
Kaufmännische Leitung und Unternehmensorganisation
Vollzeit
Kasaero GmbH
Luftfahrt
Feste Anstellung
Top jobs
Böblingen
Deutschland
Fluggerätemechaniker (m/w/d) als Prüfer / Certifying Staff (m/w/d) EASA Part 66 CAT B1 und/oder B2 für Dornier 328
First Officer Cessna 525 (m/f/d)
Vollzeit
Smartline Luftfahrt GmbH
Aircraft Management
Feste Anstellung
Top jobs
Airport St. Gallen Altenrhein
Österreich
Green light from Brussels: The European Commission has approved Germany's planned contribution to increase Lufthansa's equity capital by six billion euros. Together with state-guaranteed loans of three billion euros, this will result in a rescue package totalling nine million euros.
However, Lufthansa must also meet certain conditions. It was already known that the airline has to surrender 24 slots a day to its competitors in Frankfurt and Munich, and this has now been confirmed by the Commission. It is also confirmed that the group may neither pay dividends nor buy back shares until 75 percent of the aid has been repaid. Bonus payments to the management are also prohibited until then.
No takeover of Condor or Alitalia
However, it also imposes a takeover ban. According to this, Lufthansa «may not acquire more than 10 per cent of the shares of competitors or other companies active in the same business segment until at least 75 per cent of the recapitalisation instrument has been redeemed».
Speculation about a possible takeover of Condor or Alitalia by Lufthansa had already become unlikely due to the Corona crisis. Now they are completely off the table for the time being. Furthermore, the EU states that Lufthansa «may not use the aid to support the economic activities of integrated companies that were already in economic difficulties before 31 December 2019».
No help for subsidiaries in crisis
The Commission does not address the precise definition of this point. For its subsidiary Eurowings, for example, Lufthansa had already announced «turnaround measures» for its subsidiary Eurowings in the summer of 2019, so that the low-cost carrier could «reach the profit zone as quickly as possible».
Video
Ein Airbus A320 Neo der Condor-Schwester landete sichtbar hart auf Madeira. Das Flugzeug konnte zwar nach Nürnberg zurückkehren, muss aber noch einmal überprüft werden.
Bei garstigem Wetter landete eine Boeing 737 der indonesischen Fluggesellschaft in Jakarta. Dabei berührte der Jet von Batik Air mit dem Triebwerk fast die Landebahn.
Die australische Fluggesellschaft hat ihren ersten Airbus A321 XLR übernommen. Und sie bringt ihn mit einem Flug in ihre Heimat, der gleich für einen neuen Rekord sorgt. Qantas will mit dem neuen Modell neue Strecken eröffnen.
