Duetsche Lufthansa AG warned Wednesday that shareholders may not approve a $9.8 billion financial rescue package that would see the German government take a 20% stake in the company and provide other loans and loan guarantees to help it withstand the downturn in business caused by the coronavirus pandemic.
Lufthansa, major provider of air cargo and passenger transport, said that without the government aid it may need to apply for court-administered bankruptcy protection while it continues to...
https://www.freightwaves.com/news/lufthansa-warns-bailout-in-question-bankruptcy-possible