Brussels Airlines: without the aid of the state, Lufthansa will only have more cash on hand in July

Without public support, the aeronautics group German Lufthansa, parent company of Brussels Airlines, will fall in bankruptcy, has acknowledged on Wednesday, his

Brussels Airlines: without the aid of the state, Lufthansa will only have more cash on hand in July

Without public support, the aeronautics group German Lufthansa, parent company of Brussels Airlines, will fall in bankruptcy, has acknowledged on Wednesday, his boss Carsten Spohr during a video conference with his employees, that have been able to see La Libre Belgique and L'echo. "We are not sure of being able to pay your wages in June, if no agreement is reached ", says he. If no progress is registered, the group will have more cash on hand in July, he cautions.

Read also Berlin wants to save Lufthansa, the parent company of Brussels Airlines

The company refuses an agreement

In case of an agreement on the package of aid, " it will take 4 weeks before funds can be released. We try to generate the maximum amount of cash from selling aircraft for example ", he said internally. "In July, we are certain that we will get more liquidity. It is for this reason that the time is short and we want to speed up the negotiations ", underlined the patron of the German.

Date Of Update: 28 May 2020, 21:35

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