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Lufthansa’s executive board agrees to new terms in EUR9 billion German bailout

By Michael Acton ( May 30, 2020, 09:45 GMT | Insight) -- Lufthansa’s executive board has agreed to EU requests for it to give up eight aircraft with 24 landing slots at Frankfurt and Munich airports, in a bid to secure a 9 billion-euro bailout package from the German government. The European Commission still needs to formally approve the bailout, which would see Germany take a 20 percent stake in the airline. Lufthansa’s Executive Board has agreed to EU requests for it to give up eight aircraft with 24 landing slots at Frankfurt and Munich airports, in a bid to secure a 9 billion-euro ($10 billion) bailout package from the German government....

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