Lufthansa state rescue deal agreed in principle, say sources | Malay Mail

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FRANKFURT AM MAIN, May 25 — Coronavirus-stricken German airline group Lufthansa has agreed in principle a nine-billion-euro (US$9.8 billion) rescue deal that would see the government come onboard as a shareholder, sources told AFP today. With mangers and ministers in agreement, Lufthansa’s...

In this file photo taken on April 28, 2020, planes of the German airline Lufthansa are parked at the ‘Franz-Josef-Strauss’ airport in Munich, southern Germany, amid the novel coronavirus Covid-19 pandemic. — AFP pic

The airline, whose subsidiaries include Austrian and Brussels Airlines, Eurowings and Swiss, confirmed last week details of the rescue under discussion. Conditions are also likely to include “the waiver of future dividend payments and restrictions on management remuneration”, Lufthansa said Thursday.

 

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