German Economy Minister Peter Altmaier briefs the media about the"rescue package" for German airline Lufthansa at the economy ministry in Berlin, Germany May 25, 2020. Markus Schreiber/Pool via REUTERS
BERLIN - “We liaised with Brussels on all big rescue packages with which we avoided millions of unemployed and prevented a lot of companies from bankruptcy. They were all approved at the end... so this gives me hope that we’ll also find a solution in this case,” Altmaier told ARD public television. Germany on Monday threw Lufthansa a 9 billion euro lifeline, agreeing to a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
People need to get over the amount of money that needs to be spent on getting us through this crisis. We need supplies. Money be damned. Money doesn't create resources and is not needed to transfer those resources to the people who need them. Truth Wisdom Charity
The airlines are why we have a pandemic.
There are going to be hundreds across the world...
Even with a bailout, I predict Lufthansa would die as an airline carrier. lufthansa
Rescued but keep 51% of the company
Flew Lufthansa a couple times, great experiences. Should be rescued. On the other hand, no bail outs for cruise line companies!
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Lufthansa clinches $10 billion bailout from German governmentLufthansa and Germany have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading global airline. The rescue package will give the government a 20% stake in the group. Original Memorial Day 2020 Poem JB 🇺🇸🙏 Aaaaaand goodbye Lufthansa. The United States if given to infected people, antibiotics and aspirin, The deaths will be zero .. But the United States should only give me a million dollars.
Source: CNN - 🏆 4. / 95 Read more »
Lufthansa secures €9 billion ‘stabilization package’ from German governmentGerman airline said it has received approval for a multibillion-dollar “stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the European Union’s executive commission. Here we are again. Rewarding failure and bad management. Got to love these policies. This mentality has passed all the way down to school levels. You now get a medal for coming last. What a time to be alive I believe it will make much of an impact if media call it like it is, specially if they switch world government to citizens....Wishful thinking perhaps...
Source: MarketWatch - 🏆 3. / 97 Read more »
Franco-German 500 billion euro recovery fund step towards EU fiscal union: CentenoEurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step towards a fiscal union of the bloc.
Source: Reuters - 🏆 2. / 97 Read more »
Germany stamps authority on Lufthansa with $9.8 billion lifelineGermany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. aka state aid bail out - capital markets are FUBAR thanks to central bank criminality and political elite enablers - where does it all end - the system is BROKEN irreparably The Luftwaffe is safe. Seems fair, why let nature take its course?
Source: Reuters - 🏆 2. / 97 Read more »
Germany announces temporary part-nationalisation for LufthansaGermany throws Lufthansa a $9.8 billion lifeline, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Source: trtworld - 🏆 101. / 63 Read more »
Lufthansa says Germany approves stabilization packageGermany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. Shouldn't shareholders inject back capital into their money making machine instead of tax payers?
Source: Reuters - 🏆 2. / 97 Read more »