This is without a doubt a historic moment for our company. It is not our first crisis at Lufthansa. The history of our company has many ups and downs. The old Luft Hansa was founded in Berlin in 1926. It quickly developed into a pioneer of air transport. During the Second World War, the airline was forced to cease operations and the company was liquidated. It was not until 10 years after the war, in 1955, that the new Lufthansa was only founded. In 1997 Lufthansa was fully privatised.