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https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG3R0T9_L.jpgThe source added that Lufthansa was still considering the insolvency protection procedure as an alternative if a rescue package limited the company’s ability to compete too much.
Under consideration is a type of creditor protection scheme which requires that a company is not yet insolvent and in which a company’s management can remain in place to execute the restructuring.
Lufthansa declined to comment.