Stabilization package of Belgian federal government and Lufthansa paves way for turnaround of Brussels Airlines

Brussels Airlines ©AirTeamImages

The Belgian Federal Government, Lufthansa and Brussels Airlines have reached an agreement securing the future of Belgium’s home carrier and herewith the long-term development of the airline.

The stabilization package of €290 million from the Belgian Federal government and the €170 million financial support of Lufthansa cover parts of the losses incurred by Brussels Airlines as a consequence of the COVID-19 crisis and at the same time secures tens of thousands of direct and indirect jobs that are linked to the activities of Brussels Airlines.

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. (€1.00 = US$1.17 at time of publication.)

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