Quick q but why would LH want to invest in a player when it already has its own very successful one through Privat air?
Could this white Knight simply be a delaying tactic? Isn't this the third attempt to raise money in as many months. Surely someone should be sounding alarm bells about this.
The cash burn is astronomical at the moment and its only going to get worse with oil going up and the purse strings of most of the UK and US hurting at the moment.