Categories: Business

After a state rescue: Lufthansa: Thiele expects a multi-year renovation phase

After the state rescue of the Lufthansa shareholder Heinz Hermann Thiele expects large so that the restructuring of the German airline “will take five to six years”.

“This is for all the parties Involved in a painful way,” said Thiele in an Interview with the “Bild am Sonntag”. But: “How painful that can say no.” In each case the aim is to “make the Lufthansa for the future.” The Management will design a restructuring plan.

“Due to the extensive loans, which must be interest-bearing and repaid in full, rich human and material is not cost reduction,” said Thiele on. “There are also investments from subsidiaries to the test must. You must not look at everything, what is the absolute Core for the next few years is necessary,” said the major shareholder. The Catering business in Europe, or parts of the Lufthansa Technik belong.

The shareholders of the MDax-listed group agreed on Thursday to a 20% capital participation of the Federal Republic of Germany. Thus, Lufthansa can fly with German government assistance. The aid package has a volume of nine billion euros. In the run-up to the Self-made billionaire Thiele had made critical comments on the, in his opinion, to strong state influence.

Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

RXR.Lab Launches World’s First Blockchain Crowdfunding-Lottery Platform to Break the System: Lottery, Crowdfunding, and Real Equity in One

RXR.Lab Highlights: The world’s first crowdfunding and lottery platform RXR.Lab will be grand launched on…

6 hours ago

Ripple Price Analysis: Could XRP Maintain $2 As Its Key Support Level?

XRP continues to drift lower, with its price struggling to stay afloat above $2.15. After…

15 hours ago

Sony Electronics Singapore Now Accepts USDC Payments via Crypto.com

Sony Electronics Singapore is now accepting payments in USD Coin (USDC) on its online store,…

1 day ago

<div>Delta Exchange: Pioneering INR-Settled Crypto F&O Trading in India</div>

In the last three months of the year, trading volumes for cryptocurrencies like Bitcoin and…

2 days ago

Pi Network’s Token Sheds 75% in Three Months as Skepticism Grows

The Pi Network (PI) has plummeted over 75% in the past three months, collapsing from…

3 days ago

Chummy Tees Review Rising Trends in the Funny T-Shirt Industry

Sonora, California, 30th March 2025, ZEX PR WIRE, As humor continues to shape popular culture,…

4 days ago