Lufthansa repays 1.5 bln euros of state aid after cash call

Planes of German air carrier Lufthansa are photographed at the day of the airline’s annual general meeting at the airport in Frankfurt, Germany, May 4, 2021. REUTERS/Kai Pfaffenbach/File PhotoFirst tranche of hybrid capital repaidEyes payment of 2nd tranche before year-endGovernment bailout was 9 bln euros in totalFRANKFURT, Oct 11 (Reuters) – Deutsche Lufthansa (LHAG.DE) said on Monday it had wrapped up a 2.16 billion euro ($2.5 billion) capital increase and used the proceeds to repay 1.5 billion euros in state aid as it banks on a rebound in air travel.The German airline paid back the first of two tranches of hybrid capital, dubbed …
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