Lufthansa Group on Monday announced a permanent, group-wide capacity cut of 150 aircraft and a further reduction of personnel, due to the impact of the coronavirus (Covid-19) on travel. The company, which in June agreed with the German government on a 9-billion-euro rescue package, said in a statement that the outlook for international air traffic […]
German carrier Lufthansa was saved at the 11th hour on Wednesday, after its top shareholder stepped in backing a 9-billion-euro rescue package put up by Germany’s Economic Stabilisation Fund (WSF). German billionaire Heinz Hermann Thiele told Frankfurter Allgemeine Zeitung newspaper that he would “vote for the agreement” one day before today’s extraordinary general
The supervisory board of Deutsche Lufthansa AG on Monday voted to accept the 9-billion-euro rescue package offered by Germany’s Economic Stabilisation Fund (WSF), thereby accepting the announced commitments to the EU Commission. The Executive Board of Deutsche Lufthansa AG already formally approved the package on Friday. “It was a very difficult decision. After intensive
Lufthansa’s executive board announced that it decided to accept the revised conditions of the European Commission for the 9-billion-euro stabilization package the airline has secured by Germany’s Economic Stabilization Fund (WSF). “The scope of the conditions required in the EU Commission’s view has been reduced in comparison with initial indications,” the German











