Lufthansa Working With Banks on $3.7 Billion Capital Raise
- Airline aims to raise equity to pay back state bailout debt
- Additional equity raise could take place as early as June
Photographer: Martin Leissl/Bloomberg
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Deutsche Lufthansa AG is working with banks on a plan to raise about 3 billion euros ($3.7 billion) in equity to help repay its state coronavirus bailout, according to people familiar with the matter.
The timing and size of the capital increase will be subject to market conditions and could come as soon as June, the people said.