Germany’s Lufthansa seeks to shore up support for rescue
BERLIN (AP) — Germany’s Lufthansa is warning that a 9 billion-euro ($10.2 billion) rescue package for the airline group could be in danger because of criticism from a major shareholder. It urged shareholders on Wednesday to show up to a special meeting next week. Lufthansa has agreed to the plan, which would give a government stabilization fund a 20% stake. Existing shareholders need to approve the bailout at an extraordinary meeting on June 25. Lufthansa said it currently expects attendance of below 50% and, in view of statements raising questions over one shareholder’s approval, the company sees a possibility that the rescue package may fail to win the two-thirds majority that such low attendance would require.