Lufthansa hopeful on deal for German state aid
Lufthansa hopeful on deal for German state aid

Berlin (AFP) – Europe’s biggest airline group Lufthansa said Sunday it was close to a deal with the German government on state aid to ease the impact of the coronavirus crisis.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 ($11 billion) in aid, according to a report in the weekly Der Spiegel.But in a note from Lufthansa directors to staff seen by AFP, the company said it has held “intense and constructive exchanges” with the German government on the financial help. “In our view these discussions …

Read More

HEDGE accordingly