Lufthansa has been locked in talks with Berlin for weeks over aid it needs to survive an expected protracted travel slump, with the airline wrangling over how much control to yield in return for financial support.
If Lufthansa faces a hostile takeover, "the economic stabilisation fund may also increase its stake to 25 percent plus one share," the company said, which would offer Berlin a blocking minority. "Before the coronavirus pandemic, the company was operatively healthy and profitable and had good prospects for the future," the economy ministry said in a statement justifying the massive support.
That leaves sign-offs from shareholders – who must agree to any plan that would dilute their investments – and competition regulator the European Commission as the two final hurdles for the rescue.reported Monday that Chancellor Merkel plans to resist potential tough conditions from Brussels, which could include Lufthansa giving up prized landing slots at its bases in Munich and Frankfurt.
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Lufthansa clinches $10 billion bailout from German governmentLufthansa and Germany have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading global airline. The rescue package will give the government a 20% stake in the group. Original Memorial Day 2020 Poem JB 🇺🇸🙏 Aaaaaand goodbye Lufthansa. The United States if given to infected people, antibiotics and aspirin, The deaths will be zero .. But the United States should only give me a million dollars.
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Lufthansa says Germany approves stabilization packageGermany's new Economic Stabilization Fund (WSF) has approved a 9 billion euro ($9.80 billion) stabilization package for Lufthansa , Germany's flagship carrier said on Monday. Shouldn't shareholders inject back capital into their money making machine instead of tax payers?
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Germany stamps authority on Lufthansa with $9.8 billion lifelineGermany threw Lufthansa a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline. aka state aid bail out - capital markets are FUBAR thanks to central bank criminality and political elite enablers - where does it all end - the system is BROKEN irreparably The Luftwaffe is safe. Seems fair, why let nature take its course?
Source: Reuters - 🏆 2. / 97 Read more »
CDC quietly releases detailed guidelines for reopening AmericaThe 60-page document comes weeks after some states announced that they would lift stay-at-home orders and would begin reopening parts of their economies. That say you don’t have to follow these guidelines Вы открыли мне глаза
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World Health Organization drops hydroxychloroquine from global coronavirus treatment studyThe World Health Organization announced a 'temporary pause' on the inclusion of hydroxychloroquine in a global study on potential treatments for the disease. WHO is a disaster on humanity !!! But oh look. These people deserve no cash. Hack outfit. DemocratsAreDestroyingAmerica
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