Lufthansa may have to faillissementsbescherming applications

The German Lufthansa Group, the parent company of, among others, Lufthansa, and Brussels Airlines may have a shape of a faillissementsbescherming applications. The company is able to rely on state support, but there needs to be a part of the shareholders ' agreement, and it seems that we can't do that.

Under the laws of germany, companies may have recourse to a scheme which is based on the Us chapter 11 proceedings. In addition, companies may be under the current management, with the oversight of a court-appointed person, in a reorganization, to make their debt claim can be made.

Lufthansa, in principle, to 9 billion in aid expected from the German economic stabilisatiefonds. In accordance with the rules governing that type of financial aid, in the event that less than one-half of the shareholders, it agree, in each case, one-third of the shareholders agree with each other.

as A majority shareholder, which is 15 per cent of the pieces, has already announced to vote for. "This could mean that Lufthansa may be faillissementsbescherming must be obtained, as in the day of the meeting, no other solution has been found to be, let's Lufthansa on Wednesday to know.

voting will be 25th of June. At the regular shareholders ' meeting of may 5, online was to be held, but only 33 per cent of the shareholders were to meet.

at Lufthansa, one thousand jobs are gone < / p> Lufthansa has still not been returned to the works council is formally informed of the number of jobs that will be lost is likely to go as a result of the coronacrisis. That is, for all of the business units, and companies within the group, of about 22,000.

now, if the airline company has the same name as the parent company, it's going to be nearly a thousand jobs, of which 600 aircraft, the 2,600 cabinemedewerkers, and a 1,500-man crew.