Carriers American Airlines, United Airlines and Delta Air Lines have also sought state aid.Lufthansa said it expected conditions of the deal to include the waiver of future dividend payments and limits on management pay, adding the package would have to be approved by the European Commission.The plan includes a 3 billion euro loan from the state backed bank KfW and a convertible bond, which could be exchanged for a further 5% stake plus one share in the event of a public takeover offer by a third party.Lufthansa said it hoped the deal could be concluded promptly to secure its long term solvency.German media reported late on Wednesday that a deal had been done and Chancellor Angela Merkel said she expects an agreement on a rescue package soon, but did not elaborate.($1 = 0.9108 euros) (Additional reporting by Christian Kraemer; Editing by Stephen Coates and Mark Potter)Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful.
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