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German Government To Give Lufthansa Massive Pandemic Rescue Package

2020-05-25 43 Dailymotion

Like airlines all over the world, German airline Lufthansa has been hit hard by the novel coronavirus COVID-19 pandemic.<br />Now, Reuters reports Lufthansa and the German government have reached a preliminary deal on a $9.8 billion bailout.<br />Talks with Berlin have been going on for weeks over aid to help Lufthansa to cope with what is expected to be a protracted travel slump.<br />However, the carrier has been wrangling over how much control to yield in return for support.<br />The German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak.<br />Finance Minister Olaf Scholz said Lufthansa was profitable and had good prospects, but had gotten into trouble because of the pandemic.

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