No decision yet on state aid for Germany’s Lufthansa

BERLIN: Berlin will decide on state support for Lufthansa once the country’s largest airline applies for aid and all facts are on the table, the German Economy Minister said on Monday.

“We want large and important companies that play a role in the world market to remain competitive after the crisis,” Peter Altmaier told public radio Deutschlandfunk.

He added that companies receiving state aid must suspend their dividends and show restraint on management bonuses.

Source: Reuters, Reporting by Thomas Seythal and Elke Ahlswede; Editing by Riham Alkousaa

Leave a Reply

Your email address will not be published.

Previous post Airbus warns staff on jobs with its ‘survival at stake’
Next post Airline SAS cuts up to 5,000 jobs due to pandemic