Deutsche Lufthansa CEO Carsten Spohr says the German government’s €9bn bailout plan for the airline is at risk because it will now face a higher threshold for its final passage.
Just 38% of shareholders registered to vote at the carrier’s extraordinary general meeting on Thursday, Spohr said in a letter to employees, seen by Bloomberg on Sunday. This level means the company’s management now needs two-thirds of the stockholders that registered to approve the bailout or risk tipping Europe’s biggest airline into insolvency. Had more than 50% registered, a simple majority in favour would have sufficed...
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