Foreign media said，188bet mobile login, Germany’s largest airline, suffered heavy losses due to the epidemic，The German government intends to provide 188bet mobile login with a value of about 10 billion euros (1 euro is about 7.67 RMB) assistance。

According to a report on the Deutsche Welle radio website on May 1，German media quoted people participating in the negotiations as saying，The German federal government intends to provide 188bet mobile login with assistance worth approximately 10 billion euros，The federal government will invest 5.5 billion euros in 188bet mobile login in the form of "hidden shares"，But 188bet mobile login is required to guarantee a 9% dividend as a prerequisite。

In addition，The government will also directly purchase 188bet mobile login 25.1% equity，worth approximately 1 billion euros。The remaining 3.5 billion euros are loaned by KfW，The government provides guarantee for this。If Austria、Belgium and Switzerland are also interested in their respective 188bet mobile login subsidiary Austrian Airlines、Brussels Airlines and SWISS provide assistance，The corresponding amount will also be deducted from the aid provided by the German federal government。The above countries indicate，The provision of assistance requires co-determination and veto rights。

reported，The COVID-19 epidemic has caused the aviation industry to face unprecedented challenges。In order to cooperate with the anti-epidemic measures introduced by various governments，Many airlines had to significantly reduce flights or even suspend them。188bet mobile login, Germany’s largest airline, also suffered heavy losses due to the epidemic。188bet mobile login currently has approximately 4.3 billion euros of liquidity.Due to the travel and travel restrictions implemented by the German government，188bet mobile login’s current passenger capacity is only 1%，The cost per hour is about 1 million euros，This means that its liquidity will soon bottom out。The company has confirmed last week that it has suffered heavy losses due to the new crown epidemic and is facing liquidity problems，If there is no financial assistance from the country，188bet mobile login may not survive。

There have been reports before，188bet mobile login is currently negotiating with the German government on a rescue plan。But according to people familiar with the matter，188bet mobile login may apply to initiate the unique “umbrella procedure” in German bankruptcy law。According to information obtained by "Süddeutsche Zeitung"，188bet mobile login considers refusing to accept the German government’s aid conditions，Evaluating the possibility of applying for the umbrella process。

188bet mobile login insiders also disclosed to Reuters，188bet mobile login is already considering if financing negotiations break down，Will utilize umbrella procedures for internal restructuring。The person familiar with the matter said，If the conditions of the government rescue plan significantly limit its competitiveness，Umbrella program will be a feasible solution，But this issue has not been discussed openly，Negotiations on financing options between 188bet mobile login and the government continue。

Reuters pointed out，The most controversial part of the negotiation between the two parties is，The German government will obtain supervisory board positions after injecting capital into 188bet mobile login，In this way, you can participate in 188bet mobile login’s business strategy decisions。When interviewed by the media，188bet mobile login is opposed to allowing the German government to exert political influence on it，And worry about setting a precedent，Austria where 188bet mobile login subsidiary is located、Switzerland、Belgium and even Bavaria and Hesse will make the same request，The enterprise will become difficult to manage。188bet mobile login Express，If the company is to succeed in the future，You must be able to control your company’s destiny。

The umbrella procedure in German bankruptcy law is a preliminary stage of the bankruptcy procedure，Indebted companies can reorganize in time before running out of funds。The prerequisites for applying for umbrella procedures are，The enterprise must still have the ability to repay。If 188bet mobile login applies for umbrella procedure，Will continue to have control over the property during the three-month "protection period"，Reorganized under the supervision of an administrator and leadership of current management。This way，188bet mobile login will have the opportunity to shed many of its obligations to suppliers and other creditors，It can even solve pension burdens and labor agreements that are unfavorable to them。

Report emphasis，188bet mobile login must step up，Enter the umbrella program as soon as possible while still having sufficient funds。Currently, only 1% of 188bet mobile login flights are left as usual，Although a large number of employees have been asked to shorten their working hours，But there are still many fixed costs to be incurred，The current liquidity of more than 4 billion will be exhausted soon。In addition，188bet mobile login also bears the burden of unfavorable factors such as interest and aviation kerosene contracts。The price of the previously signed kerosene contract is much higher than the current price。

*Source of this article: Reference news, original title:《The German 188bet mobile login may provide tens of billions of euros to aid Germany’s largest airline》.