October 26, 2020

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Germany approves Belgian support for Brussels Airlines

Germany approves Belgian support for Brussels Airlines

State aid from the Belgian government for the Lufthansa subsidiary Brussels Airlines was approved by the German state’s Economic Stabilization Fund (WSF). The Federal Ministry of Finance has announced this and the news is confirmed by Brussels Airlines.

The WSF announced on Tuesday that the German aviation group Lufthansa might accept state aid from other countries – in particular Austria, Switzerland and Belgium.

The federal government and Lufthansa reached an agreement in July on a support package totaling 460 million euros for Brussels Airlines. The Belgian state will grant a loan of EUR 290 million, while Lufthansa will invest EUR 170 million in its subsidiary.

The European Commission has not yet approved the aid package.

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