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Germany Planning $1.1 Billion Bailout of Embattled Airports

  • Government to offer package to get through pandemic crisis
  • Proposal includes taking stake in air-traffic control body
Inaugural Flights at Berlin Brandenburg Airport
Photographer: Krisztian Bocsi/Bloomberg

Germany is planning a 900 million-euro ($1.1 billion) bailout of the country’s airports, adding to a multibillion-euro outlay already aimed at helping the aviation sector survive the coronavirus.

The government will offer Berlin-Brandenburg, Cologne-Bonn and Munich a package of loans, grants and stake purchases worth more than 400 million euros, according to a transport ministry document seen by Bloomberg News, which didn’t specify the breakdown. A further 12 airports, including Deutsche Lufthansa AG’s Frankfurt hub, will get 200 million euros, provided the sum is matched by regional finance ministries.