The German media does not have this story (yet?).

The best I can find that the German govt made an offer for a EUR 9B bailout, which would be (in large part) a credit which would lead to a commitment of EUR 500M per year in repayments (which the Lufthansa doesn't want), and the govt wants two board sets (which the Lufthansa doesn't want).

It is also reported that the Lufthansa is looking into opening a "Schutzschirmverfahren" (special case of bankruptcy law, which you can file when you're not yet insolvent but soon might be, aimed at allowing a company to become viable again mostly by itself), has EUR 4.4B in the bank, and wants to have a final decision by end of May. (from a story published less than 1h ago in SZ).

Maybe BI knows something everybody else doesn't...