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Lufthansa approved a $ 10 billion bailout with the German government

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Lufthansa seeks government aid amidst pandemic

The rescue package will give the government a 20% stake in the group, which has airlines in Germany, Austria, Switzerland and Belgium, and two seats on its supervisory board.

Lufthansa (DLAKY) said in a statement Monday that the German Federal Economic Stabilization Fund, which was used to help companies affected coronavirus pandemic, has approved a “stabilization package,” which is supported by the company’s executive board.

The government is injecting up to € 5.7 billion ($ 6.2 billion) into the airline, resulting in returns that start at 4% this year and beyond before increasing. The package also includes a three-year credit facility of up to € 3 billion ($ 3.3 billion), most of which will come from Germany’s state-owned development bank, KfW.

In addition, the government will acquire 20% of Lufthansa’s shares at a price of € 2.56 per share ($ 2.79), or around € 300 million ($ 327 million). The government has the option to increase its ownership to 25% plus one share, allowing it to block any potential takeovers. He has agreed to sell his shares in full by the end of 2023, subject to full payment of an investment of $ 6.2 billion and a share price above the purchase price. Lufthansa shares, which are almost half this year, closed at € 8.64 ($ 9.41) in Frankfurt on Monday.

“Before the pandemic, the company was healthy and profitable and had good prospects for the future, but the company faced an existential emergency due to the current corona crisis,” the government said in a statement. “The federal government’s stabilization package takes into account the needs of companies as well as the needs of taxpayers and Lufthansa Group employees.”

Lufthansa, which recorded a first quarter loss of € 1.2 billion ($ 1.3 billion), did not expect global flights to recover from the pandemic for several years. The company closed its discount operator, Germanwings, and plans to reduce 10,000 jobs.

Two seats on the Lufthansa supervisory board must be filled with agreements with the German state, the company said, one of which is a member of the audit committee. These seats will be allocated to “independent experts,” according to the government, which says financial support measures come with “extensive remuneration restrictions” for senior management.

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The airline group may also be asked to release dividend payments in the future.

“Lufthansa is committed to pursuing sustainability goals, including renewing its fleet,” the government said, without giving further details about the environmental conditions associated with the bailout.

The French state-supported loan of € 7 billion ($ 7.6 billion) was provided to Air France-KLM (EVERY) last month included new commitment to cut absolute carbon emissions in half by 2024 in its domestic network, compared with 2019.

Lufthansa said the management and oversight boards would “gather soon” to adopt a rescue resolution package, which is subject to shareholder approval and regulations.

– Mark Thompson contributed reporting.

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Hermann’s Tortoise Lifespan: How to Ensure a Long, Healthy Life

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Ensuring a long and healthy life for your Hermann’s Tortoise requires a combination of proper care, nutrition, and habitat management. Hermann’s Tortoises, known for their charming personalities and distinctive shells, can live for several decades with the right conditions. Understanding their needs and providing a suitable environment is key to helping them thrive. Here’s how you can support your Hermann’s Tortoise in living a long, happy life.

Creating an Optimal Habitat

One of the most critical factors in promoting the longevity of your Hermann’s Tortoise is the creation of a suitable habitat. Providing an environment that mimics their natural surroundings is essential for their overall health. An appropriate habitat helps prevent stress and supports their well-being. For detailed guidance on setting up an ideal habitat, including specific requirements for outdoor enclosures, visit this comprehensive guide on Habitat for Hermann’s Tortoise.

  1. Outdoor Enclosure: Hermann’s Tortoises thrive in outdoor enclosures that provide ample space to roam, bask, and forage. An outdoor setup should include a secure, predator-proof area with access to natural sunlight. Incorporate areas for basking and shade to allow the tortoise to regulate its body temperature. Additionally, include plants, rocks, and hiding spots to simulate their natural habitat and encourage natural behaviors.
  2. Indoor Habitat: If an outdoor enclosure is not feasible, an indoor habitat can also support a long lifespan if set up correctly. Use a large, well-ventilated enclosure with appropriate heating and UVB lighting. Provide a substrate that allows for burrowing and offer various hiding spots and enrichment items.

Diet and Nutrition

A balanced diet is vital for maintaining the health and longevity of your Hermann’s Tortoise. They are primarily herbivores, and their diet should reflect their natural feeding habits.

  1. Leafy Greens: Offer a variety of leafy greens such as kale, collard greens, and dandelion greens. These vegetables provide essential vitamins and minerals that support overall health.
  2. Vegetables and Fruits: Supplement their diet with other vegetables like carrots, squash, and bell peppers. Fruits should be given in moderation due to their high sugar content.
  3. Calcium and Supplements: Provide a calcium supplement to support shell and bone health. A cuttlebone or powdered calcium can be added to their food. Ensure that they also have access to fresh, clean water at all times.
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Regular Health Checks

Routine health checks are essential for early detection of potential health issues. Regular veterinary visits help ensure your tortoise remains in optimal condition and addresses any health concerns promptly.

  1. Observation: Monitor your tortoise’s behavior and physical condition regularly. Changes in appetite, weight, or activity level can indicate health problems.
  2. Preventative Care: Schedule annual check-ups with a veterinarian experienced in reptile care. Regular exams help catch any issues early and keep vaccinations and other preventative treatments up to date.

Environmental Enrichment

Providing environmental enrichment helps keep your Hermann’s Tortoise mentally stimulated and active. Enrichment can reduce stress and prevent boredom, contributing to a better quality of life.

  1. Foraging Opportunities: Hide food items around the enclosure to encourage natural foraging behavior. This not only provides mental stimulation but also mimics their natural hunting practices.
  2. Variety: Change the layout of their enclosure periodically and introduce new objects or plants to keep their environment interesting and engaging.

Conclusion

By focusing on creating the right habitat, providing a balanced diet, ensuring regular health checks, and offering environmental enrichment, you can significantly enhance the lifespan and well-being of your Hermann’s Tortoise. For further details on creating an ideal habitat, including tips for designing an outdoor enclosure, refer to this helpful guide on Habitat for Hermann’s Tortoise. Implementing these practices will help ensure that your tortoise enjoys a long, healthy life.

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Portuguese historical films will premiere on 29 December.

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Portuguese historical films will premiere on 29 December.

Method Media Bermuda will present the documentary FABRIC: Portuguese History in Bermuda on Thursday, December 29 at the Underwater Research Institute of Bermuda.

A spokesperson said: “Method Media is proud to bring Bermuda Fabric: Portugal History to Bermuda for its 5th and 6th showing at the Bermuda Underwater Observatory. In November and December 2019, Cloth: A Portuguese Story in Bermuda had four sold-out screenings. Now that Bermuda has reopened after the pandemic, it’s time to bring the film back for at least two screenings.

“There are tickets Ptix.bm For $ 20 – sessions at 15:30 and 18:00. Both screenings will be followed by a short Q&A session.

Director and producer Milton Raboso says, “FABRIC is a definitive account of the Portuguese community in Bermuda and its 151 years of history, but it also places Bermuda, Acors and Portugal in the world history and the events that have fueled those 151 years.

“It took more than 10 years to implement FABRIC. The film was supported by the Minister of Culture, the Government of the Azores and private donors.

Bermuda Media Method [MMB] Created in 2011 by producer Milton Raposo. MMB has created content for a wide range of clients: Bermuda’s new hospital renovation, reinsurance, travel campaigns, international sports and more. MMB pays special attention to artistic, cultural and historical content.

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS ‘There will be room’

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CRISTANO RONALDO CAN MAKE UP A GIANT IN CARIOCA AND PORTUGUESE TECHNICIAN SAYS 'There will be room'

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