The German government for The Lufthansa Group provided a secured approval from the economic stabilization fund, WSF, for a €9bn financial package. The WSF will contribute up to €5.7bn to Lufthansa’s assets including €4.7bn in equity. Yet to be approved is the measure to be supplemented by a syndicated three-year credit facility of up to €3bn, which will be provided by private banks and KfW (a German-state owned development bank). The Lufthansa Group still requires final approval of its management and supervisory boards, whilst the measures are also subject to shareholders’ and regulatory approval