News Formal

Lufthansa still considering protection from creditors: company source

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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 ...

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »