thus the company’s management has responded to the demand of the SPD, member of the ruling coalition, which put it at the mercy of the state aid with a “transparent” report in respect of subsidiaries in tax havens denial of their subsequent services. While Lufthansa said that “in all countries, compliance with national and international rules”.
First of all, the published list included in the group LSG companies with a large volume of financial transactions in the food production and logistics services to local airlines and airports. Speech including goes about Arlington Services Ltd and Sky Chefs de Panama (both Panama) with a total of 500 people, as well as LSG Catering Guam Inc. and LSG Lufthansa Service Guam, Inc. (both from GUAM), employing 186 staff transferred investments in the Cayman Islands and the virgin Islands.
on Thursday, Lufthansa has officially confirmed that it is negotiating with the Federal government on a rescue package with a volume of nine billion euros. According to Spiegel, the government, for its part, seeks to share to 25.1 percent in equity of the group, Dax and guaranteed dividend in the amount of nine percent, as well as representation on the Supervisory Board. In return will provide 5.5 billion euros. In addition, the state development Bank (KfW) must provide the company with a credit line in the amount of € 3.5 billion.
Lufthansa insists on a speedy completion of the negotiations, fearing loss of competitive advantage after the completion of the pandemic coronavirus. “First of all, we don’t have to go into debt. It paralyzed us for years,” warned the Chairman of the Board of Directors Carsten Spohr.
Consultations are difficult, the newspaper Handelsblatt. Moreover, do not focus on technical parameters of the agreement, and big politics. The deputies of the CDU/CSU in the Bundestag, member of the ruling coalition, does not agree with the nationalization of the carrier and gain him political influence.
