November 29, 2023

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Lufthansa Supervisory Board postpones decision on convocation of General Meeting


At its assembly right now, the Supervisory Board of Deutsche Lufthansa AG discussed the acceptance of the stabilization bundle supplied by the Economic Stabilization Fund (WSF) of the Federal Republic of Germany, like the required convocation of a Normal Assembly. 

The Supervisory Board has taken note of the disorders currently indicated by the EU Fee. They would guide to a weakening of the hub purpose at Lufthansa’s home airports in Frankfurt and Munich. The resulting financial impression on the enterprise and on the planned compensation of the stabilization steps, as perfectly as possible alternative scenarios, need to be analyzed intensively. 

Against this qualifications, the Supervisory Board was unable to approve the stabilization bundle in connection with the EU disorders. However, the Supervisory Board carries on to regard WSF stabilization steps as the only practical alternative for sustaining solvency.

Deutsche Lufthansa AG will not convene an Remarkable Normal Assembly for the implementation of the stabilization steps for the time being.

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