| Air France-KLM |
Air France
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French government package of €7bn (€3 bn in loans, €4 bn in state-guaranteed funds)
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Carbon emission reductions; discontinuation of domestic routes where railway connections of under 2.5 h are available as alternatives
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Profitability targets (unspecified as yet)
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Air France has to remain a loyal customer of Airbus (the airline's short-haul fleet is all-Airbus, the widebody fleet has been tilted towards Boeing during recent fleet updates)
KLMThe respective state support packages can only be used for each airline separately. Both governments own ca. 14% in the airline construct, respectively. |
| IAG |
|
| Lufthansa Group |
Lufthansa
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German government package of €9bn: €5.7bn as loan at 4%, €3bn credit facility by state-owned bank, €300m in return for 20% government stake in the company
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Two seats on Lufthansa's supervisory board to be filled in agreement with the German state
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Government option to increase stakes to 25% plus one share to block potential takeover
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Waiver of future dividend payments and senior management salary restrictions likely
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Carbon emission reduction measures demanded (but unspecified as yet)
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EU commission approval requirement: ceding take-off and landing rights to competitors at major hubs in Frankfurt and Munich, as well as giving up aircraft to competitors
Austrian Airlines
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Negotiations with Austrian government under way
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Likely conditions: environmental goals, stakes for government, guarantees for hub at Vienna
Brussels Airlines
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Negotiations under way, airline asked for €290m from Belgian government
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Likely conditions: outline of future airline plan, continuation of hub at Brussels
Swiss International Air Lines
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Swiss government provides €1.2bn
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No outflows to parent company abroad allowed
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Future earnings priority use: repay state aid; dividends forbidden until that is completed
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| easyJet |
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| Ryanair |
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