قالب وردپرس درنا توس
Home / US Business / Flying Europe's subsidy-friendly sky – WSJ

Flying Europe's subsidy-friendly sky – WSJ



Germany's stock market took flight on Tuesday with the help of Lufthansa, after the airline's board approved a government rescue. Germany's flag carrier is Europe's last to ask for state aid to avert bankruptcy, and it won't be the last. European taxpayers and travelers, beware.

Lufthansa will receive € 9 billion cash and loan from Berlin in exchange for a 20% stake, keeping the company alive as coronavirus has all but stopped flights. This follows from a cash injection of around EUR 10 billion in subsidized …


Source link