Lufthansa refuses to approve $9.9 billion bailout over EU conditionsChristian Fernsby ▼ | May 27, 2020
The Supervisory Board of Deutsche Lufthansa discussed the acceptance of the stabilization package offered by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany, including the necessary convocation of a General Meeting.
Stabilization Lufthansa A380
Against this background, the Supervisory Board was unable to approve the stabilization package in connection with the EU conditions. However, the Supervisory Board continues to regard WSF stabilization measures as the only viable alternative for maintaining solvency.
Deutsche Lufthansa AG will not convene an Extraordinary General Meeting for the implementation of the stabilization measures for the time being. ■