January 15, 2021

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Brussels Airlines is applying for the first part of the government loan

Brussels Airlines is applying for the first part of the government loan

The Belgian government and the owner of the airline, The Lufthansa Group, signed a contract to rescue Brussels Airlines in July.

Brussels Airlines has a total of 460 million euros at its disposal, 170 million of which from the Lufthansa Group and 290 million – through a loan – from the Belgian government for restructuring and improving the capital position. In return for the state loan, Lufthansa has promised, among other things, that Brussels Airlines will remain Belgian, keep its own name and that the hub at Brussels Airport will be strengthened (especially in the long-haul segment).

According to the Belgian newspaper The time The Belgian airline wanted to use Lufthansa’s money first before seeking state aid, which the company will have to repay with interest by 2026.

The airline did not confirm the amount of 130 million euros to the newspaper.