Lufthansa rescue: Brussels threatens the federal government | tagesschau.de

0
0


Status: 26.03.2021 5:57 p.m.

The federal government saved Lufthansa last year with a package worth billions. According to a media report, the EU Commission is now criticizing the airline’s violations of requirements – and is therefore threatening Berlin.

The EU Commission has apparently threatened the federal government with infringement proceedings because of the billions in the Lufthansa rescue. As the “Spiegel” reports, EU competition commissioner Margrethe Vestager sees massive problems in connection with the support of the largest German airline. She announced this to Vice Chancellor Olaf Scholz and Federal Minister of Economics Peter Altmaier two weeks ago in a confidential video conversation.

According to the media report, Vestager’s criticism is sparked by two events: Lufthansa boss Carsten Spohr and his board colleagues paid interest of around 25 million euros to the creditors of a long-term hybrid bond on February 12 without informing Brussels beforehand. According to Vestager, the airline violated the state aid requirements for the government loans.

According to the report, the commissioner is also annoyed about Lufthansa’s dealings with its competitor Condor. Lufthansa canceled various feeder flights to the traffic hubs in Frankfurt and Munich for its former daughter in June this year – wrongly according to Vestager.

Lufthansa considers criticism to be unfounded

According to “Spiegel” information, Vestager threatened the federal government that it would seek infringement proceedings against the Federal Republic if Berlin did not stop Lufthansa’s actions. At the end of such a procedure, in the worst case, the aid money granted would have to be repaid.

According to the report, Lufthansa management defended itself in a statement to the federal government. The punctual interest payment was necessary in order not to unsettle the capital markets. The fact that one wants to cancel the Condor feeder flights has nothing to do with the Corona crisis. Rather, they want to get more involved in business with holiday travelers. Alternatively, Condor could offer its own feeder flights or use the train to transport its customers to Frankfurt.





[ source link ]
https://www.tagesschau.de/wirtschaft/lufthansa-rettung-eu-101.html

Lufthansa rescue Brussels threatens federal government tagesschaude

LEAVE A REPLY

Please enter your comment!
Please enter your name here