Aviation

FILE - In this Feb.14, 2019 file photo, an Airbus A380, left, and a Boeing 747, both from Lufthansa airline pass each other at the airport in Frankfurt, Germany. The United States and the European Union on Tuesday appeared close to clinching a deal to end a damaging dispute over subsidies to Airbus and Boeing and lift billions of dollars in punitive tariffs. (AP Photo/Michael Probst, File)
Lufthansa was pushed to the brink by the coronavirus pandemic in 2020, when travel restrictions led to a collapse in air travel, forcing it to take €9 billion in aid from Germany and its other home countries. Photo: AP

Germany considers urgent exit of its stake in Lufthansa

Airline must not be under state influence forever, transport minister says

Reuters

June 18, 2021

Germany wants to exit its stake in flagship airline Lufthansa as soon as possible, Transport Minister Andreas Scheuer said on Friday.

“Lufthansa must not be under state influence forever ... And we also want to minimise the influence of the state and we want the success path to mean that the state goes out again as soon as possible,” he told an aviation conference.

Lufthansa was pushed to the brink by the coronavirus pandemic in 2020, when travel restrictions led to a collapse in air travel, forcing it to take €9 billion ($11bn) in aid from Germany and its other home countries.