Lufthansa has taken out a revolving credit line with a volume of two billion euros with a banking consortium. The term is three years with an option to extend for another year.

The loan is only secured by the usual collateral and, according to Lufthansa, should not be used as a liquidity reserve. It replaces existing unused bilateral credit lines of around EUR 0,7 billion. The credit line thus increases the available liquidity of the Lufthansa Group by a further 1,3 billion euros.

"Signing our first syndicated revolving credit facility further strengthens our liquidity reserve, increases the efficiency of our balance sheet structure in securing our liquidity target of EUR 6 to 8 billion and demonstrates the close and long-standing relationship with our core banking group," explains CFO Remco Steenbergen.