'Lufthansa, German government agree on rescue package'

Lufthansa, German government agree on rescue package: Report

In this file photo taken on April 1, 2020 Planes of the German airline Lufthansa are parked at the "Franz-Josef-Strauss" airport in Munich, southern Germany. (Credit: AFP Photo)

The German government and the management of flagship carrier Lufthansa, which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, German news agency dpa reported on Monday.

The agreement is still pending approval by the German coronavirus rescue fund's steering committee as well as Lufthansa's boards and the EU commission. 

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