World, As Seen from the most beautiful islands: Ireland and Cyprus

Lufthansa in talks with government on support agreement


The German government and Lufthansa have not yet reached an agreement on an emergency package to pilot the airline through the corona crisis. Sources reported to Reuters news agency that no agreement has yet been reached in the negotiations.

Earlier reports came out that Germany guarantees approximately 9 billion euros for the company. As an exchange, Germany would like to get a role on the supervisory board, with the possibility to block decisions.

The aviation giant said earlier that it aims to have a rescue package worth up to 10 billion euros this week. The company also pledged to knock on the door in Switzerland, Belgium and Austria for support, as Lufthansa has subsidiaries in those countries.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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