BI: German government to bail Lufthansa out of bankruptcy with nearly $10bn state aid

BUISINESS INSIDER reports:
– The Covid-19 crisis has brought Lufthansa to the brink of insolvency.
– The airline recently called for state aid but, until recently, had categorically refused to allow the state any say in the company’s future.
– At a closed meeting on Monday afternoon, a rough agreement was reached, according to an investigation carried out by Business Insider.
– The state will intervene and provide nearly $10 billion and will receive …

The post BI: German government to bail Lufthansa out of bankruptcy with nearly $10bn state aid appeared first on The Loadstar.

Source: The Loadstar

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