(TAN): The Belgian government, Lufthansa and Brussels Airlines have reached an agreement securing the future of Belgium’s flag carrier along with the long-term development of the airline.
The stabilization package of EUR 290 million (USD 345 million) from the Belgian Federal government and the EUR 170 million financial support of Lufthansa cover parts of the losses incurred by Brussels Airlines as a consequence of the crisis and secures at the same time tens of thousands of direct and indirect jobs that are linked to the activities of Brussels Airlines.
[ALSO READ: InterContinental Debuts In Halong Bay, Vietnam]
Thanks to Lufthansa, the airline can finance its restructuring plan and herewith offer the company a long-term and structurally profitable future. Lufthansa’s support shows that the German airline has full trust in the capabilities of Brussels Airlines to reach its turnaround.
The stabilization measures allow Brussels Airlines to overcome the present crisis and to continue operating its flights to generate sufficient funds to reimburse the loan.
“Just like in the past, Brussels Airlines can also in future count on the support of its mother company Lufthansa. In the last years Lufthansa invested more than EUR 600 million in our company, allowing us to rejuvenate our fleet and invest in a new cabin interior that increases our competitiveness and reduces our CO2 footprint,” said Dieter Vranckx , CEO of Brussels Airlines. “Today, Lufthansa gives us the means to carry out our turnaround plan and offers Brussels Airlines a future with long-term perspectives.”
[ALSO READ: Princess Cruises Extends Suspension Of Cruise Operations, To Refund Passenger Deposits]
“I am very grateful for the support and trust we receive from the Belgian government and our mother company Lufthansa. But I am also extremely thankful for the strong commitment of the Brussels Airlines employees. In an unprecedented crisis that has put a lot of pressure on our company, our staff remains fully engaged and stands behind the efforts we need to jointly make to overcome this crisis and to create a strong home carrier,” the CEO added.
Brussels Airlines is a member of Star Alliance.
Related posts:
Rebook Tickets Free Of Charge On Lufthansa, SWISS, Austrian Airlines, Brussels Airlines
Brussels Airlines paying out thousands of refunds a day
Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings free rebooking extended until Feb 28, 2021
Qatar Airways resumes flights to 50% of its destinations; more routes and frequencies in September
