"We have no more money": Lufthansa tour: Without rescue package bankruptcy in a few days

In the struggle for approval of the state rescue package, the Lufthansa leadership is trying to increase the pressure on the shareholders. "We have no more money," said supervisory board chief Karl-Ludwig Kley on Thursday at the extraordinary general meeting of the group.

In the struggle for approval of the state rescue package, the Lufthansa leadership is trying to increase the pressure on the shareholders.

ed6dea853b66ecb5155da88b0b8733ef.jpg "data-src =" https://apps-cloud.n-tv.de/img/21869229-1593022522000/16-9/750/ed6dea853b66ecb5155da88b0b8733ef.jy "class ="</picture><figcaption><p class=(Photo: REUTERS)

"We have no more money," said supervisory board chief Karl-Ludwig Kley on Thursday at the extraordinary general meeting of the group, which takes place as an online event because of the corona pandemic.

Without the support package, which requires a two-thirds majority, the airline could face bankruptcy in the next few days. Insolvency or a weakened protective shield procedure is "not a threatening scenario, but a real danger," said Human Resources and Legal Director Michael Niggemann. In his words, this would only be averted in the event of a rejection of state entry by the general assembly if another financing solution was found "which is not in the offing". In the event of bankruptcy or protective shield proceedings, the shareholders' shares would "almost completely lose their value," warned Niggemann.

Observers at the Annual General Meeting assumed that the decision on the government bailout package would not be made before 6 p.m.

. (tagsToTranslate) We (t) money (t) Lufthansa tour (t) without (t) rescue package (t) bankruptcy (t) days