Adds authorities remark BERLIN, Nov 6 (Reuters) - The Germa
Adds authorities remark
BERLIN, Nov 6 (Reuters) – The German authorities believes flag service airline Lufthansa may need extra money subsequent 12 months, Der Spiegel journal reported, citing an inner authorities doc, although the federal government dismissed the report as “hypothesis”.
It additionally cited an unnamed authorities consultant as saying that officers and politicians have been “shedding persistence” with airline chief Carsten Spohr, including that there have been doubts that he was the best man to make the financial savings wanted.
However Hermann Thiele, a serious shareholder, advised the journal he had confidence in Spohr: “Carsten Spohr is the best man on this tough scenario.”
“The federal government put collectively a complete rescue package deal for Lufthansa, creating liquidity for the corporate,” the Economics Ministry mentioned in a press release. “We is not going to get entangled in hypothesis concerning the firm’s situation.”
Germany’s largest airline, which acquired a 9 billion euro ($11 billion) state bailout out in June, on Thursday reported a quarterly lack of 2 billion euros after the coronavirus pandemic decimated the worldwide journey business.
Spohr has beforehand mentioned that the bailout ought to final Lufthansa till the top of 2021.
($1 = 0.8434 euros)
(Reporting by Thomas Escritt and Christian Kraemer, modifying by Kirsti Knolle and Paul Carrel)
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