Berlin announces temporary part-nationalisation for Lufthansa

AFP

2020/05/25 | 677 words | LE JOURNAL DE L'AVIATION | AIR TRANSPORT
Berlin announces temporary part-nationalisation for Lufthansa © Lufthansa

Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier faces an arduous years-long recovery from the pandemic.

Following the broad strokes of a scheme dangled last week, the economy ministry and Lufthansa said Monday the German government would offer a three-billion-euro loan and 5.7 billion of "silent" capital, as well as buying 20 percent o...(…)

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