WEBWIRE

At its assembly right now, the Supervisory Board of Deutsche Lufthansa AG discussed the acceptance of the stabilization bundle made available by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany, which includes the essential convocation of a Common Conference. 

The Supervisory Board has taken observe of the problems at present indicated by the EU Commission. They would lead to a weakening of the hub function at Lufthansa’s household airports in Frankfurt and Munich. The ensuing economic effect on the firm and on the prepared repayment of the stabilization steps, as well as doable alternative situations, ought to be analyzed intensively. 

In opposition to this qualifications, the Supervisory Board was not able to approve the stabilization bundle in link with the EU problems. On the other hand, the Supervisory Board carries on to regard WSF stabilization steps as the only practical alternative for preserving solvency.

Deutsche Lufthansa AG will not convene an Remarkable Common Conference for the implementation of the stabilization steps for the time currently being.

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