Now, passengers must also provide a negative PCR test for COVID-19, taken within 48 hours of departure. Coronavirus: Lufthansa lifted by €9bn German government bailout All market data delayed 20 minutes. The German airline group's update will take effect Sept. 1. FILE PHOTO: Airplanes of German carrier Lufthansa are parked at the Berlin Schoenefeld airport, amid the spread of the coronavirus disease (COVID-19) in Schoenefeld, Germany, May 26, 2020. All rights reserved.

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"This (bailout deal) will prevent Lufthansa from being sold out," economy minister Peter Altmaier said, pointing out it would help to save thousands of jobs.Lufthansa will separately receive a €3bn (£2.7bn) three-year loan from state-backed KfW and private banks.The government bailout still requires approval by shareholders as well as the European Commission.Mr Altmaier said: "We liaised with Brussels on all big rescue packages with which we avoided millions of unemployed and prevented a lot of companies from bankruptcy. FILE PHOTO: Planes of German carrier Lufthansa are parked on a closed runway at the airport in Frankfurt, Germany, March 23, 2020, as the spread of the coronavirus disease (COVID-19… or redistributed. "When the company is fit again, the state will sell its stake and hopefully... with a small profit that puts us into a position to finance the many, many requirements which we have to meet now, not only at this company," Mr Scholz added.Conditions of the deal include the waiver of future dividend payments and limits on management pay, Lufthansa said.The government will also take two seats on its supervisory board, with one becoming a member of the audit committee.Under the package, the state's holding could rise by 5% to protect Lufthansa against a hostile takeover. "This ensures maximum safety for the passengers travelling with them," Lufthansa said in Lufthansa has agreed a €9bn (£8bn) rescue deal with the German government, which gives it a 20% share in the ailing airline.The massive corporate bailout also gives Berlin a veto in the event of a hostile takeover bid for the German flagship carrier, as it seeks to safeguard thousands of jobs.Lufthansa has been locked in talks with the government for weeks over the aid it needs to survive the travel turmoil caused by the global Central to the negotiations was how much control the airline handed over in return for financial support.The German government has spent decades offloading stakes in companies, but remains a large shareholder in former state monopolies, including Deutsche Post and Deutsche Telekom.Berlin also still has a 15% holding in Commerzbank, which it took on during the global financial crisis.Other airlines including Franco-Dutch Air France-KLM and US carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid after Lufthansa's shares closed up 7.5% on news of the deal.The Berlin government said the airline had been operationally healthy and profitable, but had run into difficulties because of the pandemic.

FRANKFURT, Aug 6 — German airline giant Lufthansa said today that demand for air travel will return to pre-crisis levels only in 2024 or even later as it announced forced layoffs on the back of a significant loss.

Lufthansa’s member airlines have required masks in the high skies since early May, the conglomerate said, touting its group as one of the first in the world to do so.While all customers and cabin crew are required to wear a face mask that covers their mouth and nose on board, children under the age of 6 are exempted from doing so, per Lufthansa further stressed that its member carriers follow "extensive hygiene measures" both in flight and on the ground, working with the European Aviation Safety Agency, European Centre for Disease Prevention and Control and other national authorities to develop and enforce the highest health standards in commercial air travel as the pandemic continues.Fun stories about food, relationships, the great outdoors and more.This material may not be published, broadcast, rewritten, or redistributed. The corporate bailout gives Berlin a veto in the event of a hostile takeover bid for the German flagship carrierEconomy minister Peter Altmaier said the deal will prevent Lufthansa 'being sold out' "The support that we're preparing here is for a limited period," Finance Minister Olaf Scholz said of the bailout.Berlin, which has set up a €100bn (£89.5bn) fund to take stakes in companies struck by the coronavirus crisis, said it plans to sell the Lufthansa stake by the end of 2023. This material may not be published, broadcast, rewritten, Lufthansa is now requiring passengers who claim they cannot wear a facial covering for medical reasons to provide a negative coronavirus test, as well as a …

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