EU approves 6 billion measure for Lufthansa
It included conditions to limit distortions in competition
25 June, 14:11The recapitalisation measure is part of a larger support package that also includes a state guarantee on a 3 billion loan, the Commission recalled.
"Germany will contribute €6 billion to Lufthansa's recapitalisation, together with a €3 billion state guarantee on a loan," said Executive Vice-President Margrethe Vestager, in charge of competition policy. "This substantial amount of aid will help Lufthansa weather the current coronavirus crisis, which has hit the airline sector particularly hard. But it comes with strings attached, including to ensure the State is sufficiently remunerated, and further measures to limit distortions of competition," Vestager noted. (ANSA).