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Frankfurt / Main (dpa) - Lufthansa, shaken by the Corona crisis, has found fresh money on the capital market and wants to repay part of its state aid early.
The airline took in 1.6 billion euros by issuing a bond, the MDax group announced on Thursday evening in Frankfurt.
The two tranches of the paper would have terms until 2025 and 2028, it said.
With the income and borrowing of 2.1 billion euros last year, Lufthansa has now ensured the refinancing of all financial liabilities due this year of around 2.6 billion euros.
As agreed, the borrowing of additional funds leads to the repayment of the loan that Lufthansa had received from the KfW development bank during the Corona crisis.
"This means that the loan of 1 billion euros will be repaid early to KfW," said Lufthansa.
After repayment, the group could freely dispose of the aircraft pledged to secure the loan.
"Despite the repayment, however, it is likely that we will use other elements of the stabilization package that are currently unused," said Lufthansa CFO Remco Steenbergen.
To what extent depends on the further course of the pandemic.
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The federal government supported Lufthansa last summer with an aid package worth nine billion euros because air traffic collapsed during the pandemic.
As of September 30, the airline had cash and cash equivalents of 10.1 billion euros.
By then, Lufthansa had drawn almost 3 billion euros from the aid package.
Among the so far not used funds is a silent participation of the economic stabilization fund of 4.5 billion euros.
© dpa-infocom, dpa: 210204-99-306038 / 2
Communication from Lufthansa