FRANKFURT, Germany (AP) — Germany’s Lufthansa has won shareholders’ support at an extraordinary general meeting for a 9 billion-euro ($10.2 billion) rescue package. The bailout will mean the government stabilization fund takes a 20% stake. Shareholders gave the necessary majority of more than two-thirds by voting 98.04% to 1.96% at an extraordinary shareholder meeting held online Thursday with just the one agenda item. Lufthansa’s management had told them the airline was running out of money and faced years of reduced passenger demand. The company says the German government will sell its stake as soon as the airline is through the turbulence from the coronavirus pandemic.
