Germany in talks to inject billions into Lufthansa: sources [Toronto Globe and Mail (Ontario, Canada)]
SINGAPORE AIRLNS UNSP/ADR (SINGY)
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Source: Toronto Globe and Mail
Germany in talks to inject billions into Lufthansa: sources Lufthansa planes sit parked on a closed runway at the airport in Frankfurt on March 23, 2020. Kai Pfaffenbach/Reuters Lufthansa planes sit parked on a closed runway at the airport in Frankfurt on March 23, 2020. Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded more than 90 per cent of its fleet due to the coronavirus pandemic, people close to the matter said. The government and airline are discussing loans as well as a possible equity investment as Lufthansa grapples to cope with Berlin’s order to all but halt its operations, the people said. “We are in close contact with the federal government to secure our liquidity,” a Lufthansa spokesman said, but declined to comment on the details. A spokesman for the Economy Ministry declined to comment. Lufthansa is working with banks including Deutsche Bank in its talks with the German government,
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