Lufthansa and German Government Agree on $9.8 Billion Rescue Package

Lufthansa and German Government Agree on $9.8 Billion Rescue Package
Lufthansa airplanes are seen parked on the tarmac at Frankfurt airport, Germany, on Nov. 7, 2019. Ralph Orlowski/File Photo/Reuters
|Updated:
FRANKFURT/BERLIN—The German government and Lufthansa, which has been hit hard by the CCP virus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.

The airline has been in talks with Berlin for weeks over aid to help it to cope with what is expected to be a protracted travel slump, but the carrier has been wrangling over how much control to yield in return for support.