Lufthansa to seek approval for 5. 5 bn euros capital injection

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Lufthansa to seek approval for 5. 5 bn euros capital injection

Lufthansa said on Thursday that it would seek approval for a possible capital increase of up to 5.5 billion euros at its May general meeting.

The German air carrier said any proceeds of the capital increase would be used mainly to repay the Economic Stabilization Fund which halted the airline last year when the coronavirus pandemic halted global travel.

On Thursday the shares of Lufthansa ended 3% lower, the worst performer of Germany's MDAX mid-cap index.

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