Lufthansa Gets $9.8 Bn Lifeline
Mail Today|May 26, 2020
German govt comes on board with 20% stake and 2 members
Arno Schuetze, Christian Kraemer
Lufthansa Gets $9.8 Bn Lifeline

The German government and the management of flagship carrier Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout, two people close to the matter said.

The agreement is still pending approval by the German coronavirus rescue fund’s steering committee, which is expected to meet on Monday, as well as Lufthansa’s boards and the EU commission.

Lufthansa declined to comment. The German economy ministry said that negotiations were in their last phase but have not yet formally concluded.

Shares in the company were up 6.2% at 8.56 euros by 1230 GMT.

هذه القصة مأخوذة من طبعة May 26, 2020 من Mail Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 26, 2020 من Mail Today.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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