Germany close to securing 25% stake in Lufthansa

Frankfurt: Deutsche Lufthansa is close to a multi-billion euro bailout deal that would see Germany become its biggest shareholder after the coronavirus punctured a decades-long boom in air travel. Lufthansa confirmed in a statement it's in advanced talks with Germany's WSF Economic Stabilization Fund for aid of as much as 9 billion euros ($9.9 billion). The package would include a 3 billion euro loan, a so-called silent participation and the WSF obtaining a 20 per cent stake through a capital issuance, Lufthansa said. The government would also receive a...