Russia has drafted a support plan for Aeroflot where the government and state bank VTB would buy into a new share issue by the country's biggest airline, which has been hit by the coronavirus crisis, two sources with direct knowledge of the plan told Reuters.
) would buy into a new share issue by the country’s biggest airline, which has been hit by the coronavirus crisis, two sources with direct knowledge of the plan told Reuters.
Russia is following the example of Lufthansa , where the German government will take a 20% stake as a part of a 9-billion-euro bailout, the source added. “We don’t have such information,” Aeroflot said in emailed reply to a Reuters request for comment. A government spokesman and VTB did not reply to requests for comment.
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