The article examines the role of Deutsche Bank in promoting the formation of Deutsche Lufthansa in 1926, as a result of a merger of two firms with completely different commercial and political traditions: the internationalist Deutsche Aerolloyd AG, and the intensely nationalistic Junkers transportation company. Von Stauss of Deutsche Bank, as Chairman of the Supervisory Board, continuied to play a critical role after 1926 in dealing with disputes about routing, about procurement, and about relations with the state. The major problem of the new firm lay in its dependence on state subsidies, which soon created major difficulties during the fiscal stringency of the Great Depression. After 1933, the fortunes of Lufthansa were linked with the new Luftwaffe; both were now direcdy controlled by the state, rather than by bank influence.
All Science Journal Classification (ASJC) codes
- Business and International Management
- Business, Management and Accounting (miscellaneous)
- Economics, Econometrics and Finance (miscellaneous)