BERLIN (Reuters) – Lufthansa may seek some form of protection from lenders while talking to the Berlin federal government about a 9 billion euro ($ 9.76 billion) rescue bundle, a business source said on Tuesday after federal government and airline sources stated talks on a deal were continuing.
FILE IMAGE: 2 Lufthansa airplane A380-800 are parked as air traffic is impacted by the spread of the coronavirus disease (COVID-19), in Frankfurt, Germany, March 23,2020 Arne Dedert/Pool by means of REUTERS/File Picture
The business source stated that the kind of financial institution defense plan under consideration would require the business to be still solvent and where management could stay on to oversee a restructuring.
Lufthansa decreased to comment.
Lufthansa’s shares had risen as much as 12.1?rlier on Tuesday, which traders credited to potential customers of a rescue deal being close. They were 3.3%higher at 1115 GMT.
The shares were likewise supported by the reported the size of the rescue bundle, which met some earlier expectations, traders stated.
Lufthansa and the economy ministry had earlier decreased to comment after news outlet Service Insider had cited co