May 25 (UPI) -- Lufthansa Group announced Monday that the airline will receive a $10 billion bailout from Germany, giving the government a 20 precent stake in the company and two seats on the airline's board.
The biggest airline in Europe, with subsidiaries in Germany, Austria, Switzerland and Belgium, negotiated a "stimulation package" which allows the company to buy back more than $6 billion in shares from the government by the end of 2023, providing the company has paid back the government's investment and if share prices have increased.