Lufthansa is negotiating a 10 billion-euro rescue package, which would result in the German government taking a 25.1% stake in the airline, newspaper Der Spiegel reported
) chief executive has warned against government interference in the airline’s management as it seeks a 9 billion euro state bailout as a way to survive the corona pandemic.
Reuters reported on Wednesday that Lufthansa is negotiating a 9 billion euro bailout, with loans from Austria, Germany and Switzerland, citing a source close to the matter. The talks, which are with the German, Austrian and Belgian governments and German state-backed lender Kreditanstalt für Wiederaufbau , are centred around setting conditions for a bailout and its repayment, Spohr’s speech said.
“We must already develop a plan today for how we can repay the government loans and investments as quickly as possible,” Spohr said.Der Spiegel, citing unnamed sources familiar with the talks, said that as part of the bailout 5.5 billion euros would be provided in the form of non-voting capital, for which the German government wants a coupon of 9%.
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