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Bloomberg
Germany is planning a 900 million-euro ($1.1 billion) bailout of the country’s airports, adding to a multibillion-euro outlay already aimed at helping the aviation sector survive the coronavirus.
The government will offer Berlin-Brandenburg, Cologne-Bonn and Munich a package of loans, grants and stake purchases worth more than 400 million euros, according to a transport ministry document seen by Bloomberg News, which didn’t specify the breakdown. A further 12 airports,
including Deutsche Lufthansa AG’s Frankfurt hub, will get 200 million euros, provided the sum is matched by regional finance ministries.
DFS Deutsche Flugsicherung GmbH, the air-traffic control authority, would receive a 300 million euro capital injection in exchange for a stake. The packages must be agreed with local governments and other airport owners, although is unlikely to be rejected.
The bailouts would add to a lengthening German taxpayer bill to help the aviation
sector, which is struggling to cope with the collapse in demand since the start of the pandemic.