German airline Lufthansa, hit hard by the coronavirus pandemic, said Sunday it would seek to raise more than two billion euros with a capital increase.
The company said its executive board had agreed to a share issue from Wednesday and “the gross proceeds are expected to amount to 2.140 billion euros ($2.51 billion)”.
Deutsche Lufthansa AG, commonly shortened to Lufthansa, is the largest German airline which, when combined with its subsidiaries, is the second-largest airline in Europe in terms of passengers carried.
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