Germany city Berlin Eu pandemic Government Coronavirus Germany city Berlin Eu

$10 billion bailout for Germany's Lufthansa passes hurdle

Reading now: 384
www.clickorlando.com

BERLIN – German flagship airline Lufthansa agreed Saturday to a compromise worked out between the government and the European Union, overcoming a major hurdle toward final approval of a 9 billion-euro ($10 billion) bailout from Berlin.

Lufthansa said in a statement it had agreed to the compromise worked out between Germany and the EU in which the airline will have to give up several prized landing slots at Munich and Frankfurt airports.

The dpa news agency reported the German government had also agreed to the compromise. The government announced the aid package on Monday to help Lufthansa, which, like most airlines, has been struggling during the coronavirus pandemic.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA