Lufthansa pleads with investors to back bailout

Bloomberg

Deutsche Lufthansa AG issued a plea to investors to turn up and vote for a $10 billion bailout package or risk tipping Europe’s largest airline into insolvency.
The carrier said it expects attendance at its June 25 shareholder meeting to fall below 50% of votes, meaning two-thirds of stockholders would need to vote in favor if the bailout package. If more than half of investors participate, a simple majority is all that’s needed to pass the measure.
The missive comes just days before the pivotal vote meant
to save one of the most revered symbols of German business might.