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.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.