The way is clear for the rescue of the first European air transport group: the main shareholder of Lufthansa, the billionaire Heinz Hermann Thiele, announced Wednesday evening that he would approve it.
general meeting of shareholders scheduled on the subject Thursday, explained the 79-year-old businessman to the daily Frankfurter Allgemeine Zeitung (FAZ). The aid plan covers 9 billion euros and provides for the return of the State to the capital of Lufthansa up to 20%. “Data-reactid =” 24 “>“I will vote for the draft agreement”, at a decisive general meeting of shareholders scheduled on the subject Thursday, explained the 79-year-old businessman to the daily Frankfurter Allgemeine Zeitung (FAZ). The aid plan covers 9 billion euros and provides for the return of the State to the capital of Lufthansa up to 20%.
So far the billionaire, who owns 15.5% of the company’s capital, had threatened to block the bailout. And he had the possibility given the size of his shares.
Read also: Lufthansa refuses the rescue plan to 9 billion proposed by the German state: too draconian” data-reactid=”26″>
Reduce the workforce to raise the share price
The planned arrival of the German state among the shareholders of Lufthansa had aroused criticism from Mr. Thiele, “self made billionaire” with a high verb and strong opinions.
He feared in particular that the government would not oppose clear cuts in the workforce, necessary in his eyes to turn around the company and make the share price start up again.
Read also: Lufthansa puts pressure on Air France-KLM by cutting 22,000 jobs” data-reactid=”30″>
From now on, he seems convinced that the company will be able to do so even with the presence of the State in its capital.
“It is in the interest of all Lufthansa employees that management can quickly negotiate with the unions on the necessary restructuring,” Thiele told FAZ on Wednesday.
business would certainly be in default“data-reactid =” 34 “> Lufthansa warned that, without help, “the business would certainly be in default
(…) Read more on La Tribune.fr ” data-reactid=”35″> (…) Read more on La Tribune.fr
France-KLM by cutting 22,000 jobs
Lufthansa: supervisory board approves rescue plan
Lufthansa rejects German state proposed 9 billion bailout: too draconian
Lufthansa: Berlin should take 20% of the capital in return for aid of 9 billion euros
Lufthansa and Berlin agree on € 9 billion bailout
State aid: 9 billion euros for Lufthansa, 3 billion for Alitalia
Lufthansa does not see a return to normal for years and imposes itself a drastic slimming program
Lufthansa discusses massive state aid; France promises to help Air France-KLM
” data-reactid=”37″>
Lufthansa puts pressure on Air France-KLM by cutting 22,000 jobs
Lufthansa: supervisory board approves rescue plan
Lufthansa Refuses German State’s $ 9 Billion Rescue Plan: Too Draconian
Lufthansa: Berlin should take 20% of the capital in return for aid of 9 billion euros
Lufthansa and Berlin agree on € 9 billion bailout
State aid: 9 billion euros for Lufthansa, 3 billion for Alitalia
Lufthansa does not see a return to normal for years and imposes itself a drastic slimming program
Lufthansa discusses massive state aid; France promises to help Air France-KLM
–
