By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: And Now, the Lufthansa Rescue
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > And Now, the Lufthansa Rescue

And Now, the Lufthansa Rescue

Travel Radar
Last updated: 30 April 2020 17:08
By Travel Radar Staff 2 Min Read
Share
SHARE

After the €9 billion minimum (>£7.9 billion) bailout for Air France/KLM, we reported on last week, it’s no surprise that the German government has agreed to a similar rescue package for their flag-carrier Lufthansa.

© Flickr Commons

Shares in Deutsche Lufthansa Ag rose 12% on the announcement on Monday. It’s reported by Fortune magazine that the operator is losing €1 million an hour. The company also operates flag carriers in Austria, Belgium and Switzerland and just Lufthansa alone is considered ‘too big to fail’. 10 000 jobs are at stake and Lufthansa moves just 1% of the passengers it did a year ago.

Like the Air France/KLM rescue, that amount of money doesn’t come without conditions and given the relatively complex nature of German politics, the quid pro quo is not yet entirely clear.

© Flickr Commons

It does appear though that while Angela Merkel’s conservative party would like to keep government intervention to a minimum, the social democrats would like a bigger state involvement in the airline to better protect employees.

The compromise seems to be a ‘blocking minority’ power on the board, and at least one board member.

While there seem to be no intentions to sell any parts of the Lufthansa group, talks between the airline and government continue.

You Might Also Like

Deutsche Aircraft: D328eco will take centre stage at the Washington Aviation Conference

Alaska Airlines Non Stop Route From Seattle To Seoul

Qatar Airways and Qatar Airways Holidays initiate holiday packages for FIFA World Cup 26

Alaska Air Group Announces Leadership Transitions Across Two Airlines

Qatar Airways and Qatar Airways Holidays have launched travel packages for prestigious tennis events held in Qatar

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Travel Radar
By Travel Radar Staff
Follow:
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]
Previous Article Airlines in India Reopen Flight Bookings amid Lockdown
Next Article Virtual Tour Collage What are Virtual Tours and How to take one?
3 Comments
Subscribe
Login
Notify of
guest
guest
3 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

A person is lying down on a row of maroon airport seats, using a backpack as a pillow. The person is wearing a dark jacket, teal shorts, and white sneakers. Another person is seated in the background with their back turned to the camera.
Why Long-Haul Flights Cause Jet Lag and How to Minimise It
Aviation Did You Know Travel
A WestJet aircraft is captured mid-flight against a backdrop of a partly cloudy blue sky. The airplane's landing gear is extended, indicating it is either approaching for landing or has just taken off.
WestJet and CAE Announced a 15-Year Agreement to Develop a New Aviation and Aerospace Centre
Airlines Aviation Careers
A group of five people stand in front of a large screen displaying an image of an Avelo Airlines airplane flying against a blue sky with clouds. The individuals are dressed in formal and professional attire, with two men in suits holding a model airplane.
Avelo Airlines Orders Up to 100 Embraer Aircraft in Major Fleet Expansion
Aircraft Airlines Aviation Technology
A person wearing a cap and a yellow shirt sits alone in an airport terminal, silhouetted against the large windows as the sun sets. An airplane is visible outside on the tarmac.
Budget Airlines in the UK: Comparison of easyJet, Jet2.com, Ryanair UK and TUI Airways
Airlines Did You Know
Nok Air suspends international flights
Nok Air forced to suspend all international flights
Airlines Aviation
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?