State aid for Lufthansa will be reduced

Tail fins from Austrian Airlines and Lufthansa at Vienna Airport (Photo: Jan Gruber).
Tail fins from Austrian Airlines and Lufthansa at Vienna Airport (Photo: Jan Gruber).

State aid for Lufthansa will be reduced

Tail fins from Austrian Airlines and Lufthansa at Vienna Airport (Photo: Jan Gruber).
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The state aid and loan guarantees granted by the governments of Belgium, Austria and Switzerland for Brussels Airlines, Austrian Airlines and Swiss as well as Edelweiss are deducted in Germany. As a result, the volume of German state aid for Lufthansa will drop from nine to seven billion euros.

The economic stabilization fund gave the green light on Monday for the rescue packages for the crane daughters in Austria, Belgium and Switzerland. The conditions granted by the three countries for the rescue packages of the respective airlines are very different.

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