Lufthansa still considering protection from creditors: company source
Reuters
Published Apr 28, 2020 06:20AM ET
Updated Apr 28, 2020 06:30AM ET
FRANKFURT (Reuters) - The idea of German flagship carrier Lufthansa (DE:LHAG) using a type of protection from creditors is not yet off the table, a source at the airline said on Tuesday.
The source added that Lufthansa was still considering the insolvency protection procedure as an alternative if a rescue package limited the company's ability to compete too much.
Under consideration is a type of creditor protection scheme which requires that a company is not yet insolvent and in which a company's management can remain in place to execute the restructuring.
Lufthansa declined to comment.
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Written By: Reuters
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