DALLAS – Germany is looking to raise €458m through the sale of a stake in Deutsche Lufthansa AG (LH) to unwind some of the holdings it took to keep the carrier afloat during the pandemic.
The news comes on the heels of LH announcing on Monday that it had reached an agreement with its pilots to increase cockpit crew compensation along with retroactive pay in exchange for a 10-month ban on strike actions.
According to a term sheet posted on Tuesday, the German government intends to sell the equivalent of a 6.2% interest in Europe’s largest airline to institutional investors via read more ⇒
Source:: “Airways Magazine”