June 8, 2020 / 12:48 PM / a month ago

Austria's Kurz to hold news conference on Austrian Airlines at 1500 GMT

VIENNA (Reuters) - Austrian Chancellor Sebastian Kurz, Vice Chancellor Werner Kogler and Finance Minister Gernot Bluemel will hold a news conference on Lufthansa unit Austrian Airlines at 5 p.m. (1500 GMT), the government said in a statement on Monday.

People familiar with the matter said earlier on Monday that Austria’s conservative-led government has agreed to a smaller-than-expected bailout package for Austrian Airlines of 450 million euros ($508 million) in loans and grants, with Lufthansa agreeing to inject an extra 150 million euros.

Reporting by Francois Murphy and Alexandra Schwarz-Goerlich; Editing by Toby Chopra

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