Slow recovery: A technician of Lufthansa works at a parked plane at the "Franz-Josef-Strauss" airport in Munich. The carrier expects 300 of its aircraft to remain grounded in 2021 as demand for flying recovers only slowly. — AFP
FRANKFURT: Deutsche Lufthansa AG said it’s close to a multi-billion euro bailout deal that would see the state become its biggest shareholder after the coronavirus punctured a decades-long boom in air travel.
Lufthansa confirmed in a statement it’s in advanced talks with Germany’s WSF Economic Stabilisation Fund for aid of as much as 9 billion euros (US$9.9bil).
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