Eight Airbus jets were charged in order to raise EUR 500 million.
The AUA parent Lufthansa uses its aircraft as collateral to get additional outside capital. A total of around 500 million euros were raised with various instruments in the second half of 2020, the partially nationalized MDax group announced on Thursday in Frankfurt. Eight Airbus jets of the types A350 and A320 were charged for this. Banks, pension funds and investors, particularly from Europe and Asia, have participated in the financing.
After entering the state, the company had already placed two bonds with a total volume of 1.6 billion euros. It is the declared aim of the management to reduce government holdings and loans with their rising interest rates as quickly as possible. At the end of the third quarter the company had put its cash and cash equivalents at 10.1 billion euros.
The coronavirus pandemic hit Lufthansa and the entire travel industry hard. Before the crisis, the German aviation group, which includes Austrian Airlines, Swiss, Eurowings and Brussels, had 763 aircraft on the move, around 100 of which were leased.
