Deals
Lufthansa Expects to Reach Deal on German Government Aid Soon
- Government anxious to avoid rescue costing it public money
- Carrier’s CEO Carsten Spohr to host virtual AGM on Tuesday
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Deutsche Lufthansa AG’s talks with the German government over a multi-billion euro aid package are coming down to how much the state will profit over coming years for rescuing Europe’s biggest airline, people familiar with the matter said.
While Lufthansa Chief Executive Officer Carsten Spohr said this weekend that negotiations are moving toward a conclusion, the sides are still haggling over financing terms, according to the people, who asked not to be named discussing private deliberations.