Lufthansa wants Brussels Airlines takeover to be subsidized

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The German aviation giant Lufthansa hopes to receive support from the Belgian government to prevent the bankruptcy of its Belgian subsidiary Brussels Airlines. According to the Belgian news channel LN24, the Germans are aiming for a loan of 290 million euros.

The Belgian Minister of Finance Alexander de Croo is said to be discussing an emergency package with the airline company. The Belgian government declined to comment on the matter.

Due to the outbreak of the new coronavirus, Lufthansa keeps almost all of its aircraft on the ground. Lufthansa CEO Carsten Spohr previously said he will be knocking on the door in Germany, Switzerland, Belgium and Austria, as the company is active in those countries. Lufthansa would aim to have a rescue package worth up to EUR 10 billion by next week.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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