The supervisory board of the German airline Lufthansa has finally agreed to comply with the quid pro quos required by the European Commission with regard to State aid. After opposing the bailout plan a few days ago, it announced on Monday 1 June that it had approved the new version.
The company feared that it would be weakened by the “concessions” attached to the rescue package. According to the Temporary Framework for State Aid, adopted by the Commission in the context of the new...