Germany, Brussels seal pact on Lufthansa rescue plan

Airline has been bleeding €1 mil per hour since the pandemic hit Europe. FMTNews

FRANKFURT AM MAIN: Germany and the European Commission have reached agreement on a giant Berlin-funded rescue plan for coronavirus-hit Lufthansa, a Commission spokeswoman and a source close to the negotiations said Friday.

The deal would see the German carrier give up eight planes and their associated landing rights, the spokeswoman and the source said. German media had previously reported the European Commission would demand the group give up valuable takeoff and landing rights at its Frankfurt and Munich hubs in exchange for Brussels’ green light.

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