BERLIN—The German government and Deutsche Lufthansa AG said Monday they have agreed on a €9 billion euro ($9.81 billion) bailout deal—one of the biggest aid packages by a single country hatched so far in the pandemic-hit air travel sector.

The deal, widely expected and weeks in the making, comes after the world’s largest airlines have grounded a majority of their flights as most borders remain closed to contain the novel coronavirus. Airlines are furloughing or laying off tens of thousands of staff and negotiating bailouts…

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