19 hours ago · The agreement announced by Lufthansa Group involves a €14 million ($14.6 million) investment in airBaltic, in a deal signed between the Latvian Ministry of Transport and the Lufthansa Group. The latter will not only receive a minority stake in airBaltic but will also have a seat on the carrier’s Supervisory Board.

1 day ago · Just recently, the wet lease agreement between Lufthansa Group and airBaltic has been extended for a further three years beyond the summer of 2025. This partnership enables to flexibly deploy up to 21 additional aircraft of the fuel-efficient Airbus A220-300 in summer and five aircraft of this type in winter at various Lufthansa Group hubs ...

16 hours ago · RIGA/FRANKFURT - The Ministry of Transport of Latvia, airBaltic, and Lufthansa Group announce the signing of an agreement for Lufthansa Group to invest EUR 14 million in airBaltic for a minority stake, and Supervisory Board seat. In return for its investment, Lufthansa Group will receive a convertible share granting a 10% stake, which will be issued at a subscription price of EUR 14 million ...

17 hours ago · The transaction comes after Lufthansa and AirBaltic recently extended their wet-lease agreement for another three years beyond its initial summer 2025 end date. This will see up to 21 of AirBaltic’s Airbus A220-300 aircraft deployed to various Lufthansa Group hubs during summer, and five during the winter season. ...

13 hours ago · The Lufthansa Group (LH) has decided to invest €14m in airBaltic (BT), obtaining 10% equity and extending its dominance of European airspace. As per the deal, BT shares granted to LH through investment can be exchanged for BT's regular shares upon the potential flotation of BT; then, LH's interest in this flag-carrier airline would remain at ...

1 day ago · German aviation giant Lufthansa Group is acquiring a minority stake in Latvian carrier airBaltic, the two airlines said on Wednesday. The German group said it signed an agreement to purchase a 10% ...

1 day ago · Lufthansa has agreed to acquire a 10% stake in IPO-bound Latvian airline airBaltic, the German airline said on Wednesday, its latest move to expand its European presence and gain access to more ...

2 days ago · Lufthansa has finally firmed up its acquisition of a 10% stake in Riga-based Latvian flag carrier airBaltic.The move, which was announced on Wednesday evening, follows rumors of the same that emerged back in October. The latest acquisition also follows Lufthansa's continued interest in expanding its reach across Europe through investments, with the recent finalization of the purchase of 41% of ...

1 day ago · Deutsche Lufthansa AG will buy a 10% stake in Latvian flag carrier AirBaltic AS as the German carrier group continues its consolidation push in Europe.. Lufthansa’s €14 million investment will ...

1 day ago · Lufthansa Group signed (29-Jan-2025) an agreement to invest EUR14 million in airBaltic for a 10% stake and supervisory board seat. The closing of the transaction is planned for 2Q2025, and is subject to antitrust review. The convertible shares will be changed into ordinary shares upon a potential IPO of airBaltic.The future size of Lufthansa Group's stake will be determined by market pricing ...