A participation of the republic Austria at the Lufthansa is still an issue. Even if the German government only wants to accept national holdings from the Lufthansa subsidiaries. “At the moment, all options are still on the table. Security is needed that Lufthansa can not be held responsible for AUA steal and have to take part in the risk, ”says negotiators.
As long as the threat of Lufthansa, the group under a protective shield procedure (a kind of insolvency), Austria’s state aid would be grossly negligent towards taxpayers, it is argued.
The government will never agree to a deal “where the risk of losing tax money is too high. Because we must not forget that the state is liable for 90 percent of the loan amount, ”the board also stated in its information letter.
Restart
To Lufthansa and Swiss now think about that too AUA a fresh start in June. But one has to be very careful, it is argued, because starting too early could lead to “that we burn too much cash, which we can manage even less than our corporate sisters”. The AUA watch the market from which the first positive signals are coming, “we are ready to start”.
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