Germany has agreed to help airline Lufthansa with a rescue package worth about 9 billion euros ($9.74 billion) in return for a blocking minority and one or two supervisory board mandates, Business Insider cited company sources as saying.
FILE PHOTO: Two Airbus A320neo airplanes of German carrier Lufthansa are parked as air traffic is affected by the spread of the coronavirus disease , in Frankfurt, Germany, March 23, 2020. Arne Dedert
The news outlet said representatives of the government and Germany’s flagship carrier had agreed on those key points on Monday but Lufthansa Chief Executive Carsten Spohr had not officially taken part in the discussions. Business Insider cited negotiating sources as saying it was unlikely the package would be re-opened at this stage.Last week Reuters reported people close to the matter as saying that Lufthansa aimed to finalise a state aid rescue package worth up to 10 billion euros this week after the coronavirus crisis forced it to ground almost all its planes.
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