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Germany gives Lufthansa €9bn bailout for equity stake
By EUobserver
The German government and airline giant Lufthansa agreed a €9bn rescue package on Monday. The deal is intended to help the airline cope with losses caused by the Covid-19 pandemic. Around 95 percent of Europe's second-largest airline fleet has been grounded. The German government would take a 20-percent stake in Lufthansa, and five percent of bonds plus one share, allowing it to claim a blocking minority shareholding, AFP reported.