Germany agrees to $9.74 billion rescue package for Lufthansa

In a report on Tuesday, Business Insider stated citing sources familiar with the matter at hand as saying, the German government has agreed to provide Lufthansa with a financial rescue package worth around $9.74 billion (9 billion euros) in return for a blocking minority and one or two supervisory board mandates.

According to the report, Lufthansa’s CEO Carsten Spohr would formally seal the deal with German Chancellor Angela Merkel and Finance Minister Olaf Scholz later on Tuesday.

The German government did not have any immediate comment.

Lufthansa was not immediately available for comments.

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