Parked Lufthansa 747s at Frankfurt. (Photo: AirlineGeeks | Fabian Behr)

Lufthansa Group Announces Government Support for Financial Aid

German-based Lufthansa Group announced that the German government had approved a large financial stabilization package for the airline group in response to the COVID-19 pandemic. The total package will equate to about 9 billion euros ($9.8 billion) for the operating group. Along with Germany, Lufthansa owns airlines in Austria, Switzerland and Belgium. This announcement comes following weeks of negotiations between the airline and the federal government in Germany. Initial reports from earlier this month were that the bailout was going…