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Lufthansa Shares Soar Amid Closing $9.7 Billion Govt Bailout Deal
May 21st, 2020 - 12:30 GMT

Lufthansa Shares Soar Amid Closing $9.7 Billion Govt Bailout Deal

A 9-billion-euro (9.7-billion-dollar) bailout agreement between embattled airline Lufthansa and the German government is close to fruition, Chancellor Angela Merkel said late on Wednesday without giving further details. Sources told dpa on condition of anonymity that the agreement would see the government take a stake of less than 25 per cent and receive two seats on Lufthansa's supervisory board. The government would not have veto power regarding the company's decisions ...
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