Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

29 May by Vitaliy Dadalyan

Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

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Edging closer to bailout, Lufthansa accepts tweaked demands by BrusselsLufthansa’s management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro (8.13 billion pounds) government bailout, the carrier said on Saturday, paving the way for its rescue. The agreement comes after Lufthansa’s supervisory board on Wednesday rejected an initial deal with Brussels including conditions that were significantly more painful. Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus pandemic.