EU okays E290m Belgian aid for Lufthansa's virus-hit Belgian unit

EU competition enforcers approved on Friday a E290m Belgian aid package for Lufthansa's Belgian unit, saying the support will help it ride out the coronavirus pandemic. The measure consists of a E287m loan, which is linked to Brussels Airlines' liquidity needs in the foreseeable future, and around E3m in equity injection which comes with a dividend and bonus ban and a cap on management pay. "The aid measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a member state," the EC said.<br/>