Posted inGermany

Lufthansa board OK’s US$10 billion rescue package

It was an offer they couldn’t refuse. Financially devastated by the Covid-19 pandemic, German flag carrier Deutsche Lufthansa AG’s Supervisory Board said this week that it has voted to accept the German government’s €9 billion (US$10 billion) stabilization package, Xinhua reported. The package of loans and various measures was offered by Germany’s Economic Stabilization Fund […]