Lufthansa says it has held 'intense and constructive exchanges' with the German government, and the talks 'could be concluded in the near future.' coronavirus
The group, which warns it is bleeding cash and might have to declare insolvency, had appeared to be stalled in its bid for up to 10 billion euros in aid, according to a report in the weeklyBut in a note from Lufthansa directors to staff seen by Agence France-Presse, the company said it has held"intense and constructive exchanges" with the German government on the financial help.
"The state is not some idiot that will just hand over money and have no say after that," SPD leader Carsten Schneider told the dailyIn particular, he ruled out dividend payments to Lufthansa shareholders if the company received state aid. That might mean job cuts, especially given that Spohr has said there are now 10,000 too many workers given the state of Lufthansa's operations.
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