Lufthansa to seek approval for possible capital increase at AGM

Reuters

Published Apr 01, 2021 01:28PM ET

FRANKFURT (Reuters) - Lufthansa said on Thursday it would seek approval for a possible capital increase of up to 5.5 billion euros at its annual general meeting in May.

The German air carrier said any proceeds of any capital increase would be mainly used to repay Germany's Economic Stabilization Fund (WSF), which bailed out the airline last year when the coronavirus pandemic halted global travel.