LH could not get the capital needed from other sources during the worst part of the crisis. It's a solid company serving a robust market that is guaranteed to return. Not having come to the rescue would have been the expensive thing to do. Germany needs Lufthansa to operate and connect foreign markets and airports need it's business too. Lufthansa partially hated to have the federal government being the co-owner because it was blocked from doing certain more radical restructuring while being state owned. This is why some people even suggested LH better should volunteer to file for chapter 11 to drop old obligations.
Last edited by Less Hair; 16th Aug 2021 at 16:48.