BRUSSELS (Reuters) - The Belgian subsidiary of Lufthansa (DE:LHAG) Brussels Airlines said on Friday it would get a 290 million euro loan from the Belgian government and a 170 million euro capital injection from its German owner.
"(The) Stabilization package enables Belgium's home carrier to overcome the unprecedented crisis caused by the coronavirus pandemic and to create a sustainable future," Brussels Airlines said in a statement.
"Lufthansa's financial support allows Brussels Airlines to implement its turnaround plan and herewith to create a long-term and structurally profitable future for the company," it said.
The airline added the entire package still needed government approvals in Germany and from the EU's executive arm.