FRANKFURT AM MAIN: Lufthansa's top shareholder on Wednesday (Jun 24) said he would back a nine billion euro government rescue package, removing ...
Employees of German airline Lufthansa hit the streets to encourage shareholders to back a bailout plan. FRANKFURT AM MAIN: Lufthansa's top shareholder on Wednesday said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy.
"It is in the interest of all Lufthansa employees that management can quickly begin talks about the necessary restructuring," he said. Lufthansa's board warned shareholders ahead of the meeting that insolvency was"unavoidable" if the deal fell through. Lufthansa's climb out of the coronavirus storm promises to be long and arduous as countries emerge from lockdown and air travel slowly resumes.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street set to rise on trade deal relief; business activity data eyedU.S. stock index futures rose on Tuesday after President Donald Trump reassured investors the trade agreement with China was intact, while upbeat ...
Read more »
Stock futures rise on trade deal relief; business activity data awaitedU.S. stock index futures rose on Tuesday after President Donald Trump reassured investors the trade agreement with China was intact, while upbeat ...
Read more »
Lufthansa draws up 'Plan B' to prevent insolvencyLufthansa has drawn up a plan to prevent an insolvency should a virtual extraordinary shareholders' meeting on Thursday fail to approve a US$10 ...
Read more »
German government moves to rescue Lufthansa bailoutFRANKFURT AM MAIN: The German government leapt into action on Monday (Jun 22) to rescue a proposed nine-billion-euro (US$10.1 billion) coronavirus ...
Read more »
Stock futures rise on trade deal relief; business activity data awaitedU.S. stock index futures rose on Tuesday after President Donald Trump reassured investors the trade agreement with China was intact, while upbeat ...
Read more »
Wall Street set to rise on trade deal relief; business activity data eyedU.S. stock index futures rose on Tuesday after President Donald Trump reassured investors the trade agreement with China was intact, while upbeat ...
Read more »