Lufthansa still considering protection from creditors: company source

📆 4/28/2020 1:45 PM
📰 ChannelNewsAsia

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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.

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