Lufthansa still considering protection from creditors: company source

FRANKFURT: The idea of German flagship carrier Lufthansa using a type of protection from creditors is not yet off the table, a source at the airline said on Tuesday.

The source added that Lufthansa was still considering the insolvency protection procedure as an alternative if a rescue package limited the company's ability to compete too much.Under consideration is a type of creditor protection scheme which requires that a company is not yet insolvent and in which a company's management can remain in place to execute the restructuring.

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Germany agrees on Lufthansa rescue package worth 9 billion euros: Business InsiderThe German government has agreed to help airline Lufthansa with a rescue package worth around 9 billion euros (US$9.74 billion) in return for a ...
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