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
Lufthansa’s supervisory board has said that it is “unable” to approve the stabilization package the airline has secured by Germany’s Economic Stabilization Fund (WSF), due to conditions set by the European Commission, according to an announcement by the airline. The WSF recently approved a package with stabilization measures and loans of up to 9 billion […]












