FRANKFURT: Coronavirus-hit Lufthansa inched closer to securing a €9 billion bailout from the German government after the airline’s supervisory board approved the rescue plan on Monday.
Lufthansa’s management board gave the proposed rescue deal its blessing on Friday, despite controversy over conditions imposed by the European Commission that will force the German group to give up prized takeoff and landing slots. The company would agree to pay back much of the capital plus interest, while granting the state two seats on its supervisory board.
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