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Germany opens part of bailout fund to Lufthansa now – Der Spiegel

Without citing its sources, the magazine said the economy ministry had agreed with state-backed bank KfW that a 3 billion euro loan can be tapped immediately.

A Lufthansa spokesman said the money from the KfW credit should flow as soon as possible.

The government had prepared for a possible rejection of the bailout by shareholder Heinz Hermann Thiele by preparing to immediately announce a capital injection of 6 billion euros, the magazine added.

But Thiele dropped his objections to the deal ahead of Lufthansa’s extraordinary general meeting on Thursday.

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