The crisis-stricken airline Lufthansa presented a new savings package on Tuesday. 20 percent of all managers and an additional 1,000 people with administrative tasks will be let go. Investments in new machines will be halved, which means that a maximum of 80 planes will be acquired by 2023.

Lufthansa was close to collapse after the pandemic spring, but in June shareholders approved a government rescue package worth 94 billion kronor. Source: TT-Reuters