Germany and the European Commission have agreed on a massive support package for Lufthansa. Germany is due to assist an airline punished by a coronavirus pandemic with a € 9 billion rescue package.

In return, Germany is expected to acquire a 20-25% shareholding in the company. That would make the state the largest single owner of the airline.

The European Commission, for its part, has demanded that Lufthansa divest some of its valuable flights at Frankfurt and Munich airports. In its statement, the airline confirmed that it would accept the terms and abandon the rescue package in return for a maximum of 24 slots that could be given to other airlines.