Covid19: Lufthansa Under Pressure to Accept Gov't Stake
Apr 3, 2020, 1:29 pm
#1
Original Poster
Join Date: Jun 2010
Location: MEX
Programs: AC E75K
Posts: 4,171
Covid19: Lufthansa Under Pressure to Accept Gov't Stake
Source: https://www.bloomberg.com/news/artic...vernment-stake
Deutsche Lufthansa AG Chief Executive Carsten Spohr is facing mounting pressure to hand over an equity stake to the German government to as the airline fights for survival in the Coronavirus crisis, according to people familiar with the matter.
Lufthansa representatives are locked in talks with the cabinet in Berlin, the people said, asking not to be identified because the matter is private. Spohr has resisted the idea Germany would need to take a direct equity stake, preferring instruments such as loans or credit guarantees to shore up cash reserves.
...
Lufthansa representatives are locked in talks with the cabinet in Berlin, the people said, asking not to be identified because the matter is private. Spohr has resisted the idea Germany would need to take a direct equity stake, preferring instruments such as loans or credit guarantees to shore up cash reserves.
...
