The German government wants to save Lufthansa with a rescue package worth round about €9 billion. A shareholder meeting on Thursday is to bring more clarity.
Several hundred volunteers have put Berlin's new airport to the test, launching a series of trial runs ahead of its planned opening in October. The thorough scrutiny of operations came — you guessed it — after a delay.
The move is part of a restructuring plan to cope with the economic fallout of the coronavirus crisis. The airline said it would halve its investment in new aircraft.
Tens of thousands of jobs could be cut at German airline Lufthansa. Executives said Thursday personnel costs had to be reduced drastically to ensure a better restart following the coronavirus crisis.
Heinz Hermann Thiele had criticized a €9 billion rescue plan that would see the government take a 20% stake in the embattled flag carrier. But a day before a shareholder vote, the investor signaled his support.
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