Lufthansa on Thursday confirmed it was in talks with the German government over a nine-billion-euro ($10 billion) rescue that will see Berlin take a massive
"The concept, which has not yet been finalised, provides for stabilisation measures in the amount of up to nine billion euros, of which three billion euros is in the form of a loan" from public investment bank KfW, the German aviation giant said in a statement.
The bond"can be exchanged... in the event of a public takeover offer by a third party," giving Berlin a blocking minority.between Chancellor Angela Merkel's CDU conservatives and their centre-left junior partners the SPD.LufthansaBut the SPD has held out for a bigger stake that would allow Berlin to influence bosses over potential job cuts or environmental targets.
said that an extraordinary shareholder meeting would have to decide on the required capital increase, which would dilute the value of existing shareholders' stakes.before it can go ahead.was part of Germany's"family silver" and that Berlin aimed to avoid a"fire sale" of valuable firms. In April, the group was carrying fewer than 3,000 passengers daily compared with a pre-pandemic average of around 350,000 a day.-- which also includes subsidiaries Austrian and Brussels Airlines, Eurowings and Swiss -- is bleeding"about a million euros in liquidity reserves per hour. Day and night. Week by week."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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