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Lufthansa management accepts tweaked demands by Brussels over state bailout

Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic

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Lufthansa planes park at the airport in Duesseldorf, Germany, Thursday, March 19, 2020 | AP/PTI

3 min read Last Updated : May 30 2020 | 8:15 PM IST

Lufthansa's management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.

The agreement comes after the airline's supervisory board on Wednesday rejected an initial deal with Brussels including conditions that were significantly more painful.

Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic.

Under the latest agreement, Lufthansa said it will be obliged to transfer up to

Topics : Lufthansa Brussels

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