|Author (Corporate)||Cardiff EDC|
Assessment conducted by the European Commission on proposed measures proposed by Germany aimed at supporting and recapitalising air carrier Lufthansa, in the framework of the Temporary Framework for State Aid put in place in light of the COVID-19 (coronavirus) pandemic.
German authorities presented a proposal for a contribution amounting to €6 billion to the recapitalisation of Deutsche Lufthansa AG (DLH). This measure was set as part of a larger support package that also includes a state guarantee on a €3 billion loan that Germany planned to grant the company as individual aid, under a national scheme previously approved by the European Commission. An agreement between the German government and the air carrier on the rescue package was reached on 25 May 2020.
The plans presented by German authorities concerning their contribution to the recapitalisation of Lufthansa were approved by the European Commission on 25 June 2020 in the framework of the Temporary Framework for State Aid.
|Subject Categories||Internal Markets, Mobility and Transport|
|Subject Tags||Air Transport, Competition Law | Policy|
|Keywords||Air Services, COVID-19 Outbreak, State Aid
|Countries / Regions||Germany|
|International Organisations||European Union [EU]|