.png){kind=logo}
GC Asia
Lufthansa board rejects €9bn bailout on threat of losing German flight slots
The board of Lufthansa, the German flag carrier, has rejected the terms of a €9bn state bailout that would have seen the European Commission require the company to relinquish flight slots in Frankfurt and Munich.
The German state, acting through its crisis-era Economic Stabilisation Fund (WSF), approved the package on Monday for a €3bn KfW loan and around €6bn in silent participation investments in the company.
However, the chief executive officer of rival European airline Ryanair, Michael O’Leary, has been vocal that such support ...
However, the chief executive officer of rival European airline Ryanair, Michael O’Leary, has been vocal that such support ...
Already a subscriber? Login
-
Latest news from Syndicated Loans
-
Samson Paper breaches covenants on HK$780m loan
11.30 AM -
Covid-19: sovereign borrowing response
08.30 AM -
Dollar Libor transition heads for 'hardwired approach'
15 Jul 2020 -
Andreas Petrie, the 'Father of Schuldschein', to retire
15 Jul 2020 -
CPFI makes comeback for $1bn refi
15 Jul 2020
-
-
Latest news from Syndicated Loans
-
Samson Paper breaches covenants on HK$780m loan
11.30 AM -
Covid-19: sovereign borrowing response
08.30 AM -
Dollar Libor transition heads for 'hardwired approach'
15 Jul 2020 -
Andreas Petrie, the 'Father of Schuldschein', to retire
15 Jul 2020 -
CPFI makes comeback for $1bn refi
15 Jul 2020
-
