) supervisory board has approved a 9 billion euro government bailout that will force the German airline to give some of its prized landing slots to rivals.
Under the plans, the German government will take a 20% stake in the airline, which could rise to 25% plus one share in the event of a takeover attempt, as well as two seats on its supervisory board. Lufthansa, which said it would publish first-quarter results on June 3, said it is obvious that international air traffic will not bounce back to pre-crisis levels in the foreseeable future.
German state aid. Thought the EU were opposed to this yet they want to stop Britain.
They need it to pay for the social distancing plane...
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