Lufthansa to Receive $10 Billion from German Government

This post may contain affiliate links; please read our advertiser disclosure for more information.

Lufthansa to Receive $10 Billion from German Government

Lufthansa has been struggling like most airlines during the coronavirus pandemic. Now the German government is ready to step in and lend a hand. The company that was privatized two decades ago, will receive a 9 billion-euro ($9.8 billion) bailout. That financial help also comes with a catch. The government would take an initial 20% stake that could rise to 25% plus one share in the event of a takeover, Bloomberg reports. That would enable the government to block such attempts.

The plan is not a done deal yet. It requires European Union approval. Additionally its European rivals will also oppose it. Ryanair has already said it will contest the German aid package for Lufthansa, per the budget airline’s Chief Executive Michael O’Leary. “Ryanair will appeal against this latest example of illegal state aid to Lufthansa, which will massively distort competition,” he added in the statement, Reuters reports.

Lufthansa was trying to avoid any government influence, but it was in dire need of cash after the coronavirus pandemic grounded most of its fleet.

The package is the biggest corporate rescue in Germany during the current pandemic. The German government has set up the 100 billion-euro fund

Based in NYC. Points/miles enthusiast for years and actively writing about it for the last two years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

More Like This

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


Please enter your comment!
Please enter your name here


  • MtM recommended tool to track & organize credit cards
  • Best card offers personalized for you
  • Track bonus deadlines, fee dates & 5/24 status
  • Full Travel Freely overview

Free Sign-Up

moomoo - 2 Free Stocks!

Brokerage app moomoo is offering 2 Free Stocks! Just open an account and fund with $500 to get your stocks! Super easy.
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!