Germany wants to exit Lufthansa stake as soon as possible - minister
- Square (SQ) to Acquire Afterpay for $29B in All Stock Deal
- Wall Street falls with Amazon; S&P 500 posts sixth straight month of gains
- Amazon (AMZN) Plunges After Missing Sales and Guidance Expectations, Analysts Slash PTs to Reflect Weaker Guidance
- Pinterest (PINS) Tops Profit and Sales Views, But Shares Plunges Over 20% on a Big Monthly User Miss to Prompt Two Downgrades
- 'I'm CEO.' New Book Outlines Merger Conversations Between Elon Musk and Tim Cook
FILE PHOTO: A flag of German air carrier Lufthansa flutters in the wind on the day of the airline's annual general meeting at the airport in Frankfurt, Germany, May 4, 2021. REUTERS/Kai Pfaffenbach/File Photo
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
BERLIN (Reuters) - Germany wants to exit its stake in flagship carrier Lufthansa as soon as possible, Transport Minister Andreas Scheuer said on Friday.
"Lufthansa must not be under state influence forever ... And we also want to minimise the influence of the state and we want the success path to mean that the state goes out again as soon as possible," he told an aviation conference.
Lufthansa was pushed to the brink by the coronavirus pandemic in 2020, when travel restrictions led to a collapse in air travel, forcing it to take 9 billion euros ($11 billion) in aid from Germany and its other home countries.
($1 = 0.8394 euros)
(Reporting by Ilona Wissenbach and Klaus Lauer; Writing by Caroline Copley; Editing by Riham Alkousaa)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- France's Axa rebounds from pandemic with 180% spike in net income
- Britain may toughen summer travel rules for Spain - The Times
- Japan's biggest bank MUFG doubles quarterly profit as credit costs drop
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!