Lufthansa’s $9.8 Billion Bailout Bogged Down in Talks With EU

(Bloomberg) — Germany’s 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.One detail to be ironed out is a timetable for Germany’s exit from a direct stake it would take in Europe’s largest airline, one of the people said, asking not to be named because the talks are confidential.Bild am Sonntag reported earlier that Lufthansa would face a three-year deadline for repayment of the aid package.The outlines of the rescue deal that would make Germany …read more

Source:: Yahoo Finance

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