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  • Brussels Airlines welcomed Friday a long-term rescue package finalised with the Belgian government and parent company Lufthansa. "I am very grateful for the support and confidence that we have received," said CEO Dieter Vranckx in a statement. "Lufthansa has given us the means to achieve our recovery, offering Brussels Airlines a future with long-term perspectives," he added. The airline has suffered alongside the entire aviation sector from the pandemic. The agreement concluded on Tuesday provides a loan of 290 millions euros ($337 million) from the Belgian state and a capital injection of 170 million euros from Lufthansa, covering some of the airline's losses. Brussels Airlines plans to use the money for restructuring, which will see it shed around a quarter of its jobs -- affecting around 1,000 people. Lufthansa, the leading European transport group, was itself handed a nine billion euro bailout last month from the German government. zap/alm/jrp/er/jh
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  • Brussels Airlines sees 'long-term perspective' after rescue package
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