Germany agrees on Lufthansa rescue package worth 9 billion euros: Business Insider

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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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How many company shares will the people of Germany own after that?

Rodrigo_Lara_ Colombia no es alemania, no tiene como intervenir avianca.....mandar dinero de impuestos q deben ir a sectores clave a salvar una empresa quebrada por malos manejos de hace años es una sinvergüencería

Should adjust administrative pay to that of government workers

Stop the fucking bailouts! If they can't take care of themselves, let them go bankrupt or nationalise.

why not giving the german tax payers free tickets for next summer?

Isn’t that against EU rules?

Does that include Eurowings?

nationalize the airlines already

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