Tough spot: Planes of German carrier Lufthansa parked at the Berlin Schoenefeld airport. The airline has been hard hit by the protracted travel slump due to Covid-19. — Reuters
BERLIN: Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a €9bil (US$10bil) 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.
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