Lufthansa and German government agree $9.8 billion rescue package

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FRANKFURT/BERLIN (Reuters) – The German government and Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.

FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Frankfurt, Germany March 24, 2020. REUTERS/Ralph Orlowski/File Photo

The airline has been in talks with Berlin for weeks over aid to help it to cope with what is expected to be a protracted travel slump, but the carrier has been wrangling

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Lufthansa, German government agree on $9.8 billion rescue package: sources

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FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout, two people close to the matter said.

FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Frankfurt, Germany March 24, 2020. REUTERS/Ralph Orlowski/File Photo

The agreement is still pending approval by the German coronavirus rescue fund’s steering committee, which is expected to meet on Monday,

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Lufthansa, German government agree on rescue package: source

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FILE PHOTO: Aircraft of the German carrier Lufthansa are parked on the tarmac, as the spread of the coronavirus disease (COVID-19) continues, at the airport in Frankfurt, Germany March 24, 2020. REUTERS/Ralph Orlowski/File Photo

BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached an agreement on state aid worth billions of euros, a source close to the matter said.

The agreement is still pending approval by the German coronavirus rescue fund’s steering committee, which is expected to meet on Monday, as well

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Walt Disney World and unions agree on safeguards for returning to work

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FILE PHOTO: Fireworks go off around Cinderella’s castle during the grand opening ceremony for Walt Disney World’s new Fantasyland in Lake Buena Vista, Florida December 6, 2012. REUTERS/Scott Audette

LOS ANGELES (Reuters) – Walt Disney Co (DIS.N) and unions representing workers at Florida’s Walt Disney World have reached an agreement on safeguards to protect employees from coronavirus, a union statement said on Thursday, removing one of the company’s hurdles to reopening its popular theme parks.

The measures include social distancing practices, increased cleaning and mandatory masks for workers and guests, according to a statement from the Service Trades

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