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EU approves huge bailout of German airline Lufthansa

WorldNews Thursday, 25 June 2020 ()
EU approves huge bailout of German airline LufthansaThe EU's top competition authority approved the massive bailout of Lufthansa by the German government on Thursday, saving one of the world's biggest airlines from bankruptcy, but under conditions....
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Lufthansa Lufthansa Flag-carrier airline of Germany

Lufthansa to cut a fifth of leadership jobs [Video]

Lufthansa to cut a fifth of leadership jobs

Germany's Lufthansa will cut 20% of its leadership positions and 1,000 administrative jobs in a restructuring plan that it announced on Tuesday. Ciara Lee reports

Credit: Reuters Studio    Duration: 01:10Published
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Lufthansa vows company revamp as losses balloon [Video]

Lufthansa vows company revamp as losses balloon

Lufthansa vowed to step up restructuring measures after posting a first-quarter net loss of 2.1 billion euros ($2.35 billion), days after agreeing a state bailout amid the fallout from the coronavirus pandemic. Edward Baran reports.

Credit: Reuters Studio    Duration: 01:08Published
German Government To Give Lufthansa Massive Pandemic Rescue Package [Video]

German Government To Give Lufthansa Massive Pandemic Rescue Package

Like airlines all over the world, German airline Lufthansa has been hit hard by the novel coronavirus COVID-19 pandemic. Now, Reuters reports Lufthansa and the German government have reached a preliminary deal on a $9.8 billion bailout. Talks with Berlin have been going on for weeks over aid to help Lufthansa to cope with what is expected to be a protracted travel slump. However, the carrier has been wrangling over how much control to yield in return for support.

Credit: Wochit News    Duration: 00:34Published
Lufthansa nears bailout; EasyJet gets ready to fly [Video]

Lufthansa nears bailout; EasyJet gets ready to fly

Lufthansa looks to be closing in on a $9.9 billion state bailout deal. Meanwhile, EasyJet says it's getting ready to put a few planes back in the air. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:17Published

European Union European Union Economic and political union of European states

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Credit: Euronews English    Duration: 01:32Published
EU splits mean COVID-19 rescue fund deal by end of July 'ambitious', says Eurogroup chief hopeful [Video]

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Credit: euronews (in English)    Duration: 02:28Published
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Credit: PA - Press Association STUDIO    Duration: 00:50Published

Germany Germany Country in Central Europe

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