Employees of German airline Lufthansa hit the streets to encourage shareholders to back a bailout plan. FRANKFURT AM MAIN: Lufthansa's top shareholder on Wednesday said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy.
"It is in the interest of all Lufthansa employees that management can quickly begin talks about the necessary restructuring," he said. Lufthansa's board warned shareholders ahead of the meeting that insolvency was"unavoidable" if the deal fell through. Lufthansa's climb out of the coronavirus storm promises to be long and arduous as countries emerge from lockdown and air travel slowly resumes.
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