Lufthansa Supervisory Board postpones decision on convocation of General Meeting

Willard Desalvatore 3 years ago

WEBWIRE –

At its meeting currently, the Supervisory Board of Deutsche Lufthansa AG talked over the acceptance of the stabilization package supplied by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany, including the vital convocation of a Common Meeting. 

The Supervisory Board has taken note of the circumstances at this time indicated by the EU Commission. They would direct to a weakening of the hub function at Lufthansa’s house airports in Frankfurt and Munich. The ensuing economic influence on the company and on the prepared repayment of the stabilization steps, as very well as probable choice scenarios, have to be analyzed intensively. 

From this track record, the Supervisory Board was unable to approve the stabilization package in relationship with the EU circumstances. Nevertheless, the Supervisory Board continues to regard WSF stabilization steps as the only viable choice for keeping solvency.

Deutsche Lufthansa AG will not convene an Remarkable Common Meeting for the implementation of the stabilization steps for the time staying.

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