April 24, 2020 / 7:27 PM / a month ago

Lufthansa seeking 290 million euro loan for Belgian airline: media

FILE PHOTO: Planes of German carrier Lufthansa parked on a closed runway at Frankfurt airport, Germany, March 23, 2020, as the spread of the coronavirus continues. REUTERS/Kai Pfaffenbach

BRUSSELS (Reuters) - German airline Lufthansa (LHAG.DE) is seeking a loan of 290 million euros ($313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.

The Belgian government declined to comment. LN24 said negotiations had been suspended. Almost all of Lufthansa’s flights have been grounded by the coronavirus outbreak.

Belgian Minister of Finance Alexandre De Croo is leading talks with the German carrier.

Lufthansa Chief Executive Carsten Spohr said earlier this month the company would seek state aid in Germany, Switzerland, Belgium and Austria because of the extended duration of the health crisis.

Reuters reported this week that Lufthansa is aiming to finalise a state aid rescue package worth up to 10 billion euros next week, according to people involved.

Reporting by Marine Strauss; editing by Jonathan Oatis

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