Tag: state
Lufthansa’s bailout during COVID illegal according to the courts: what collateral damage for the sector?
The European Court of Justice ruled that the aid granted by the German government to Lufthansa during the COVID was illegal and that the European Commission had not properly checked the conditions of its validity. Even though COVID is...
Why weren’t the major hotel groups rescued like the airlines?
While the health crisis brought the tourism sector to its knees, the airlines were able to count on massive state aid, which was not the case for the major hotel groups. Is this the result of a deliberate policy,...
Air France victim of white-collar terrorism!
Air France-KLM's long road to recapitalization, made unavoidable by the health crisis, is not over. But this is just another long episode in the history of a business that has rarely held its destiny in its own hands.
Terrorism has...
No exceptional rescue for the SNCF?
In France as well as abroad, the public authorities are coming to the rescue of the tourism sector which has suffered perhaps more than any other from COVID-19. The airline industry, of course, but also the hotel industry, the...
Has Air France made a pact with the devil?
The French and Dutch governments have saved Air France and KLM, as have almost all governments, in different proportions, for their national airlines. A happy ending concluded rather promptly at the beginning of the crisis which allowed to reassure...
Airlines: will the last become the first?
The airlines are experiencing a shock of rare violence. For some the shock is over (i.e. they have secured their medium-term financial future), for others not (they are looking for funding which they may or may not find) but...
Lufthansa refuses state aid…for now
While negotiations between Lufthansa and the German State, after having dragged on, finally came to a conclusion before yesterday, the airline has finally announced that it needed to think before accepting.
The problem does not seem to come from the...
Lufthansa finally gets its lifeline
It took longer than Air France but Lufthansa has finally finished negotiating its rescue package with the German government. It's not that no one wanted to save the airline, but as explained earlier, Lufthansa's management wanted to preserve their...
Why talks between Lufthansa and the German government are dragging on
While Air France-KLM has quickly concluded a financial support plan from the French government and the same is expected from the Dutch government in the near future, things seem to be dragging on at Lufthansa, whose discussions with the...