Lufthansa Bailout

German Government to own 20% of Lufthansa

As I said in another post… from all these airlines in despair, Lufthansa sounds just a little bit less suitable to die very soon, exactly because of the 20% Government bite.

The government will be having a very significant discount on the shares, I seem to remember they are offered (overall, including convertible debt/loans) at like a third or a quarter of the current market value. So, even if the company does not go as well as before, the government has a very high chance of making a profit in the medium term.