Lufthansa Supervisory Board postpones decision on convocation of General Meeting

WEBWIRE – Wednesday, May 27, 2020 At its assembly right now, the Supervisory Board of

WEBWIRE

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.

( Push Launch Picture: https://images.webwire.com/prmedia/5/259665/259665-one.jpg )

WebWireID259665

This news information was configured by WebWire editorial staff members. Linking is permitted.

Information Launch Distribution and Push Launch Distribution Providers Provided by WebWire.