Deutsche Lufthansa to suspend coupon payments on 2015 hybrid bond

The Executive Board of Lufthansa Group has decided to suspend future coupon payments for the hybrid bond issued in 2015 (maturing in 2075) for the duration of the government stabilization measures, which means until the repayment of the drawn silent participations and the sale of the shareholding in Deutsche Lufthansa by the Economic Stabilisation Fund (ESF) in Germany. The board stated that its decision was based on the view of the EU Commission that such coupon payments constituted a violation of the state aid regulations of the Temporary Framework for state aid to support the economy in view of the