Top Lufthansa shareholder raises stake to 15%

Tuesday, 16. June 2020 21:22

German billionaire Heinz Hermann Thiele raised his stake in air carrier Lufthansa to 15% from 10% he controlled so far, Frankfurter Allgemeine Zeitung (FAZ) reported on Tuesday.

In an interview with FAZ, Thiele said he wants to renegotiate the rescue deal the airliner recently agreed with the German government.

In May, German media reported that Lufthansa, which faced liquidity problems due to the drop in demand amid the pandemic, will require more than €9 billion in state aid agreed with the government. Last week, the airliner said it plans to cut 22,000 jobs worldwide and reduce the number of aircraft in operation by 100.

Related Links: Deutsche Lufthansa AG
Breaking the News / SR