It might not be precisely what Lufthansa was looking for, but the carrier appears to have reached a deal with the German government for a €9bn bailout package.
Expected to be signed today, the deal will result in the government taking a 20% stake in the carrier.
It also means it will appoint two supervisory board members, despite Lufthansa CEO Carsten Spohr’s argument against any government control at the company’s AGM earlier this …
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Source: The Loadstar