Merkel: "Intensive" talks over possible rescue for Lufthansa | iNFOnews | Thompson-Okanagan's News Source

Current Conditions

Mostly Cloudy

Merkel: "Intensive" talks over possible rescue for Lufthansa

May 20, 2020 - 10:18 AM

FRANKFURT - German Chancellor Angela Merkel said Wednesday that her government is in “intensive talks” with Lufthansa and the European Commission over a potential bailout for the airline, whose business has dwindled due to the virus outbreak.

Merkel said that an agreement could come “shortly,” but added that any deal “has to be completed.”

The dpa news agency reported that Lufthansa shares rose in after-hours trading on the back of a media report that a deal had been reached, but the government and the company would not comment.

News from © The Associated Press, 2020
The Associated Press

  • Popular kelowna News
View Site in: Desktop | Mobile