Shares in Lufthansa dropped 5.8% on Monday, ahead of a crunch meeting between the German airline’s biggest shareholder, Heinz Hermann Thiele, and Germany’s economics minister to discuss a $10bn rescue package.
Thiele, a 79-year-old billionaire, has built up a 15.5% stake in Lufthansa, making him the carrier’s largest shareholder. Thiele has raised objections against the government’s bailout, which would see the state taking a 20% stake in the airline and two seats on its supervisory board.