{"id":122466,"date":"2021-10-06T11:44:52","date_gmt":"2021-10-06T11:44:52","guid":{"rendered":"https:\/\/fin2me.com\/?p=122466"},"modified":"2021-10-06T11:44:52","modified_gmt":"2021-10-06T11:44:52","slug":"lufthansa-gets-strong-investor-backing-for-2-1-billion-euro-cash-call","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/lufthansa-gets-strong-investor-backing-for-2-1-billion-euro-cash-call\/","title":{"rendered":"Lufthansa gets strong investor backing for 2.1 billion euro cash call"},"content":{"rendered":"<figcaption>FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. REUTERS\/Kai Pfaffenbach <\/figcaption><p>LONDON\/FRANKFURT (Reuters) &#8211; German airline Lufthansa received strong investor backing for a 2.14 billion euro ($2.47 billion) rights issue, providing some encouragement for travel companies looking to weather the after effects of the COVID-19 crisis.<\/p>\n<p>The company said on Wednesday that its rights issue was 98.36% subscribed by investors and that it would place the remaining shares in the open market shortly.<\/p>\n<p>The cash will be used to repay a chunk of the 9 billion euro ($10.38 billion) government bailout it received last year to stay afloat throughout the COVID pandemic, which resulted in the Economic Stabilisation Fund (ESF) taking a stake in the group.<\/p>\n<p>Lufthansa is one of several airlines and travel companies that have raised cash or are planning to raise funds to get through the toughest period for the sector in two decades.<\/p>\n<p>Britain\u2019s easyJet recently completed a 1.2 billion pound ($1.63 billion) rights issue, while tourism group TUI is planning a 1.1 billion euro rights issue in coming weeks and Air France is believed to be considering its options.<\/p>\n<p>A solid deal for Lufthansa will provide some encouragement for the others.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/lufthansa-shareissue\/lufthansa-gets-strong-investor-backing-for-2-1-bln-euro-cash-call-idUSL1N2R20KY\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. REUTERS\/Kai Pfaffenbach LONDON\/FRANKFURT (Reuters) &#8211; German airline Lufthansa [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":122465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lufthansa gets strong investor backing for 2.1 billion euro cash call - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/lufthansa-gets-strong-investor-backing-for-2-1-billion-euro-cash-call\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lufthansa gets strong investor backing for 2.1 billion euro cash call - Fin2me\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. 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