Germany throws virus-hit Lufthansa a $9.8bn lifeline
Lufthansa bailout will give Berlin a veto in the event of a hostile bid for the airline
25 May 2020 - 20:35
Frankfurt/Berlin — Germany threw Lufthansa a €9bn lifeline on Monday, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt, as it seeks to protect thousands of jobs...
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