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A Lufthansa A380 parked after diverting to Austin. (Photo: AirlineGeeks | Mateen Kontoravdis)

Lufthansa Group Extends Negotiations Over Government Aid

Over the last few weeks, Lufthansa Group has been negotiating with German, Austrian and Belgian governments over rescue packages after the group made a $1.3 billion loss during the first quarter of the year amid the COVID-19 crisis. Reports by Bloomberg revealed that Lufthansa was negotiating a 10 billion euro ($10.3 billion) bailout from the German government in exchange for a 25 percent stake in the airline. However, it seems that the carrier is unwilling to accept state aid under…