Reported by dpa International, Germany’s flagship carrier, Lufthansa, is exploring the possibility of declaring insolvency, instead of having the state intervene, as it seeks a way of dealing with the economic fallout from the coronavirus pandemic. Lufthansa, Europe’s largest airline, announced last week that the airline is losing one million Euros per hour. They already have plans to restructure and downsize some of their fleet. The insolvency approach being considered would see the company placed under the administration of a custodian, it would then … Continue reading Lufthansa May Refuse State Aid, File for Bankruptcy?