Share article:
Share article:

Lufthansa could let Brussels Airlines go bankrupt: reports

Credit: Brussels Airlines

The Lufthansa group could let its subsidiary Brussels Airlines go bankrupt if no rescue agreement is reached with the Belgian government, La Libre reports.

Citing several inside sources, the Francophone newspaper said that the German company is no longer excluding the option of dropping Brussels Airlines and letting it file for bankruptcy.

Board members of Brussels Airlines and the Lufthansa group are set to meet on Monday, the paper added.

Related News:


But a communications official with Lufthansa said that there were currently “no plans to sell Brussels Airlines and that the company hoped to find an agreement with the Belgian government.

Wencke Lemmes, a spokesperson for Brussels Airlines, also said that the reports were “pure speculation” but declined to confirmed whether the meeting between the two groups would take place on Monday.

Talks between Lufthansa and the Belgian government over a roughly €300 million reboot package have been ongoing for weeks and have seen Belgium push for growth guarantees for its national airlines, including by becoming a larger shareholder, a move rejected by Lufthansa.

The negotiations have also been slowed down as airline staff refused to accept the “indigestible” proposals of management, Bruzz reports.

As part of its relaunching plan, the airline in May said that it would dismiss some 1,000 out of a total of 4,000 employees.

The news comes as the airline restarts operations after a 12-week shutdown, reporting full flights to several destinations, including hard-hit Italy and Spain, but also a positive restart for business destinations like Vienna or Budapest.

Reacting to the reports, a representative of the ACLVB/CGSLB liberal trade union said that Belgium’s flag carrier has been “dead and buried ten times over.”

“I don’t think we should be distracted by that,” union secretary Filip Lemberechts told HLN, adding that there was no reason to panic as the negotiations were still ongoing.

Gabriela Galindo
The Brussels Times

Latest news

Belgian food industry hopeful for future after exceptional challenges
The past two years have posed exceptional challenges to all manner of industries, with almost no sector untouched by the strains the pandemic has ...
Covid Safe Ticket led to more infections in Belgium, says expert
The introduction of the Covid Safe Ticket (CST) in Belgium did not necessarily increase the vaccination rate, but instead resulted in more ...
Pfizer and Moderna can ‘adapt vaccines to Omicron variant’ in a few months
If the current mRNA coronavirus vaccines developed by Pfizer and Moderna are not effective against the Omicron variant of the virus, the companies ...
Video of three trams at standstill on Brussels intersection goes viral
A video of three trams at a standstill in a triangle at an intersection in the Brussels municipality of Schaerbeek last weekend went viral, as it ...
Fake PCR tests lead to court hearings for 160 air passengers
In recent months a high number of passengers arriving at Brussels Airport have been found to have fake negative PCR tests; 160 travellers will appear ...
No crowds, limited events: these measures take effect today
Most of Belgium's latest measures already took effect on Saturday, but some changes – concerning public events, sports competitions and schools – ...
Brussels and Liège residents invited to sleep rough to raise awareness for homeless
As temperatures dip below freezing, sleeping on the streets becomes potentially life-threatening, even without factoring in the myriad other hazards ...
Belgium in Brief: Delta, Gamma… Omicron?
Since June, the World Health Organisation (WHO) is no longer calling newly-discovered coronavirus "variants of concern" after the country where they ...
Omicron variant poses ‘very high’ global risk, warns WHO
The Omicron coronavirus variant poses a "very high" global risk for which countries must be well-prepared, said the World Health Organisation (WHO) ...
De Croo: ‘The one certainty that we can rely on is the impact of our personal behaviour’
On Monday morning, Prime Minister Alexander De Croo spoke on La Première radio station about the recently-announced coronavirus measures and, in ...
Booster vaccines already available for all Brussels residents
All residents of the Brussels-Capital Region from 18 years old can make an appointment for a third/booster dose against the coronavirus from this ...
Covid-19 decisions made ‘too hastily’, socialist leader argues
The government is missing a "general lack of method" when it comes to how coronavirus fighting measures are decided on, according to the leader of ...