Lufthansa Group

At the beginning of 1995, Deutsche Lufthansa AG made some structural changes and aimed at creating independent operating companies of the aviation group such as Lufthansa Technik, Lufthansa Cargo and Lufthansa Systems. Three new companies who joined later in the Lufthansa Group are LSG Sky Chefs, Condor and Lufthansa CityLine.[4]

On 14 May 2020, Lufthansa said it would resume flights between Toronto and Frankfurt as of 3 June. Prior to the pandemic, the Lufthansa Group airlines operated 64 weekly flights between the two countries. The airline's recovery plans involve high-density cargo to replace paying customers. The Lufthansa Group airlines now require all passengers to wear a mask while aboard.[5]

Also on 14 May, the Group released the news that it planned to operate 1,800 weekly flights by the end of June.[6]

On 24 June, principal shareholder Heinz Hermann Thiele, who owns a 15.5% share of the Group, indicated that he would vote in favour of the bailout by the German government,[7] which was expected on 23 June to take a 20% share of the company and two seats on the company's board of directors in exchange for $10 billion.[8] The transaction was pre-approved by the EU Commission and had the support of the company's trade unions, who offered to forgive $1.55 billion euros in exchange for job guarantees. At this time, the company was insolvent.[7]

On 25 June, a majority of 98.04% of shareholders voted for the state aid.[9] As of July 6 the Federal Republic of Germany holds a 20.05% share via the "Economic Stabilisation Fund" (German: Wirtschaftsstabilisierungsfonds) by the Federal Ministry for Economic Affairs and Energy.[10][11]