Lufthansa, hammered by the coronavirus crisis like its peers across the globe, agreed with the German government in May on a bailout made up of loans and an equity investment.
FRANKFURT: Deutsche Lufthansa AG’s future is in the hands of shareholders, who vote today on a 9bil (US$10.2bil) state bailout. If they reject the lifeline, the cash-strapped carrier could tip into insolvency.
The outcome was thrown into doubt by Heinz Hermann Thiele, one of Germany’s richest men. The 79-year-old built a stake of more than 15% in the carrier, becoming the largest investor, and has said he’s unhappy with the deal.
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