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A Lufthansa A340-300 (Photo: AirlineGeeks | William Derrickson)

Lufthansa Shareholders Agree to $10.1 Billion Government Bailout

Deutsche Lufthansa AG shareholders have agreed to support a bailout package from the German government which will assist the airline group to survive in a post-COVID environment. At the ‘Extraordinary General Meeting’ held on Thursday, the €9 billion ($10.1 billion) package which gives the government a 20% stake and two seats on the board was met with approval by 98% of those who voted in the online meeting. There had been concerns earlier in the week as to whether the…

Thai Airways Debuts New Strategies to Increase Revenue

Following the report of a huge loss in the second quarter, the state run Thai Airways has announced some new strategies. Earlier, Thai Airways reported a loss of $221 million for April to June, a 122 percent increase compared to the same period last year. The airline blamed several factors,…

Thai Airways Debuts New Strategies to Increase Revenue

Following the report of a huge loss in the second quarter, the state run Thai Airways has announced some new strategies. Earlier, Thai Airways reported a loss of $221 million for April to June, a 122 percent increase compared to the same period last year. The airline blamed several factors,…