By Arno Schuetze and Ilona Wissenbach
By Arno Schuetze and Ilona Wissenbach
FRANKFURT, April 1 (Reuters) – Lufthansa LHAG.DE is in talks over securing billions of euros of state assist, together with a attainable fairness stake, folks near the matter stated because the German airline has seen greater than 90% of its fleet grounded because of the coronavirus pandemic.
Lufthansa is working with funding banks as advisors in its talks with the German authorities, the folks stated.
The service is discussing securing loans in addition to fairness from the federal government to deal with the impression of the federal government order to all however halt its operations, the folks stated, including that speak was a few quantity of a number of billion euros.
“We’re in shut contact with the federal authorities to safe our liquidity”, a Lufthansa spokesman stated, however declined to touch upon the main points.
A spokesman for the Economic system Ministry declined to remark.
(Further reporting by Klaus Lauer in Berlin Enhancing by Michelle Martin)
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