, the airline is burning through $1.6 million per hour, forcing the airline to seek funding from governments in Brussels, Vienna and Bern.According to Reuters
According to reports, the government is seeking at least a 25 per cent stake in the airline in exchange for the bailout, and would have at least two seats on the company’s supervisory board. While German leaders have promised they will not allow the airline to fail, it is understood bosses at the Lufthansa Group are concerned that accepting the proposed bailout – and attached terms – would limit the airline’s ability to compete with rival European airlines.
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