Well, maybe not an "error" per se, but the alleged €800 million "bailout payment" by the German government into Lufthansa's pension fund mentioned half a dozen times in that document is massively misrepresented at least.
That payment was made in the context of preparing LH
for the final stages of privatization, and it was at that time legally
necessary for LH
to even be allowed to raise more capital on the stock market for itself. At the time in the mid-1990s, the German government still had a majority stake of more than 50% in the airline - so in a sense it was largely paying money to itself, anyway. Until that time, all LH
employees were treated like public officers with respect to pension matters, and they were therefore members of a large German government pension fund. In order for the government share in LH
to be able to legally drop below 50%, all active LH
employees (many thousands) had to be transferred away from the government pension system to LH
's own company fund. After extensive negotiations, it was decided that the government would support this transformation with this, admittedly substantial, payment. However, as I described, this happened in the context of a complex reorganization and change of ownership structure and for legal reasons - with the objective of allowing LH
to raise enough money on the stock market to reform itself and develop on its own.
Although the government's actions at that time certainly greatly facilitated LH
's privatization and further development, to simply paint this as a "bailout payment" is a massive misrepresentation.
It is somewhat dishonest to compare a decades-old, large goverment-owned flag carrier airline with many thousands employees hired effectively as public officers and unsolved problems accumulated over many years like LH
in the mid-1990s to EK
, at that time still a fairly small startup airline founded a few years earlier as a private corporation by design (albeit using government seed money).
Some insights into the processed back then (in German) can be found here:
Am I cured? Slept 5 hours on last long-haul flight...