Lufthansa clinches $10 billion bailout from German government

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Lufthansa clinches $10 billion bailout from German government
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Lufthansa and Germany have finalized the terms of a €9 billion ($9.8 billion) bailout, following weeks of intense negotiations over the future of Europe's leading global airline. The rescue package will give the government a 20% stake in the group.

London Lufthansa and the German government have finalized the terms of a €9 billion bailout, following weeks of intense negotiations over the future of Europe's leading global airline.

The rescue package will give the government a 20% stake in the group, which owns airlines in Germany, Austria, Switzerland and Belgium, and two seats on its supervisory board.

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Lufthansa to resume flights to 20 destinations from mid-JuneLufthansa to resume flights to 20 destinations from mid-JuneLufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.
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