Lufthansa agrees €9bn bailout with German government

Posted by on May 26, 2020 5:01 am
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Categories: Global Stories

State to take 20% stake in airline, which has been struggling after coronavirus reduced flights

Germany has thrown Lufthansa a €9bn (£8bn) lifeline, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.

The largest German corporate rescue since the coronavirus crisis struck will result in the government taking a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs.

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