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Lufthansa seeks €9 billion bailout amid political talks

Lufthansa is negotiating a €9 billion bailout with Germany’s economic stabilisation fund to ensure its future, the airline said, confirming an earlier Reuters report. The “stabilisation package” includes a non-voting capital component, known as a silent participation, a secured loan, and a capital increase which may leave the government with …

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Lufthansa expects cash shortage within weeks

The Lufthansa Group has released preliminary Q1 results, revealing the impact of the coronavirus has led to a 47 per cent drop in revenues in March. The company said it expects to run into a cash shortage within weeks without government help. Across the quarter, revenues fell by 18 per …

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