Lufthansa warns of threat to €9bn bailout deal
German finance minister urges shareholders to support the deal
17 June 2020 - 19:15
Frankfurt — German airline Lufthansa warned on Wednesday that it might need to apply for protection from creditors if its state-backed bailout deal failed to win sufficient support at a shareholder vote on June 25.
Its statement came after German billionaire Heinz Hermann Thiele criticised the €9bn bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.