State Aid State Aid

Lufthansa’s executive board agrees to new terms in EUR9 billion German bailout

By Michael Acton
  • 30 May 2020 05:15
  • 30 May 2020 06:14
Lufthansa’s Executive Board has agreed to EU requests for it to give up eight aircraft with 24 landing slots at Frankfurt and Munich airports, in a bid to secure a 9 billion-euro ($10 billion) bailout package from the German government.
The European Commission still needs to formally approve the bailout,

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Michael Acton

Senior Correspondent

Michael is a senior correspondent for MLex in San Francisco, where he moved in 2020 after working in our Brussels bureau. Before joining MLex, he reported on EU politics as the Financial Times’ Nico Colchester Fellow in Brussels. Michael has a degree in International Relations and Politics from the University of Cambridge, and a degree in History and French from University College London and Paris IV Sorbonne.

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