There had been heated discussions in the past few weeks about a possible Lufthansa entry by the German federal government, including within the Grand coalition. Representative of SPD and Finance Minister Scholz would therefore have a greater say in the government pronounced in the group, during the economic wing of the CDU/CSU to Minister of Transport Andreas Scheuer and Bavaria Prime minister Markus Söder preferred a so-called “silent participation” without seats on the supervisory board.
Again mirror now reported there is a representative of Federal government currently on the way to Frankfurtto present the proposal to the Lufthansa bosses. However, the state’s entry would still have to take place as part of an extraordinary Annual General Meeting to be approved by shareholders.
Chancellor Angela Merkel confirmed final negotiations on Wednesday evening. A decision will be expected “shortly”. The government be in “intensive talks” with the company and the EU commission. Merkel also said she could not give details of ongoing discussions.
9 out of 10 machines on the ground
The Lufthansa is experiencing ever greater turbulence due to the travel bans in the wake of the corona pandemic. The company burns around one million euros an hour, more than 90 percent of the aircraft fleet is on the ground.
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