Lufthansa investors back $10 billion German government rescue

Edited by Ed Newman
2020-06-25 18:18:56

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Berlin, June 25 (RHC)-- Lufthansa shareholders have backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the pandemic.

The plan, backed by 98 percent of the shareholder capital that cast a vote at the online meeting, will see Berlin take a 20 percent stake in Lufthansa and two board seats.


 



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