Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on Friday.
FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease continues, at the airport in Frankfurt, Germany March 24, 2020. REUTERS/Ralph Orlowski/File Photo
The issue involves a demand from the government that Lufthansa accept delivery of all planes it has ordered from Airbus , putting a significant financial burden on the troubled airline group, Handelsblatt reported, citing unnamed sources. The dispute means there will be a further delay to the rescue package. A meeting of Lufthansa’s supervisory board, which was due to discuss the terms on Friday, has been postponed until Monday, the report said.
Lufthansa, seeking to weather the coronavirus pandemic and what is expected to be a protracted travel slump, had said on Thursday it was in advanced talks that would see Germany take a 20% stake.
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