Lufthansa received a massive government bailout during the pandemic

Lufthansa received a massive government bailout during the pandemic

 Kirill KUDRYAVTSEV

German airline giant Lufthansa Thursday lost a legal battle over a six-billion-euro ($7-billion) pandemic-era government bailout when the EU's top court ruled Brussels mishandled its approval of the cash injection.

Europe's biggest airline group by revenues received the bailout in 2020 to save it from collapse as government lockdowns to prevent the spread of Covid-19 brought air travel to a halt. 

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

Tags

Recommended for you