Lufthansa board hopeful of securing government bailout soon

Lufthansa board hopeful of securing government bailout soon

FILE PHOTO: Two Lufthansa airbus A380-800 are parked as air traffic is affected by the spread of the coronavirus disease (COVID-19), in Frankfurt, Germany, March 23, 2020. Arne Dedert/Pool via REUTERS/File Photo

BERLIN (Reuters) – Lufthansa is hopeful that its bailout talks with the German government can be concluded soon, the airline’s board told staff in a letter seen by Reuters, adding that it is also considering alternatives such as creditor protection.

“We estimate that these talks can lead to a conclusion soon,” Chief Executive Carsten Spohr and board members wrote in the letter, adding that they are also checking alternative options but do not expect to need them.

Reporting by Ilona Wissenbach; Writing by Joseph Nasr; Editing by David Goodman

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