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 ...

1 day ago · Germany’s Lufthansa Group has confirmed that it has acquired a 10% stake in Riga-based Latvian flag carrier airBaltic.The deal, announced on Wednesday, January 29, 2025, confirms an intention first mooted by the Lufthansa Group in October 2024 to take a minority shareholding in the Latvian airline.

23 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 ...

1 day ago · Lufthansa Group has further widened its influence in the European market by investing in airBaltic, the Latvian flag carrier. The new agreement involves acquiring a convertible share representing a 10% stake in airBaltic at a subscription price of €14 million. It also secures a seat on the airBaltic Supervisory Board.

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 ...

1 day ago · Lufthansa will also take a seat on AirBaltic's supervisory board. The deal is expected to close during the second quarter, subject to antitrust review. Lufthansa's convertible share will be changed into ordinary shares upon a potential IPO of AirBaltic, with the German-based company's share to be not less than 5 per cent, according to the ...

1 day ago · Lufthansa's convertible share will be changed into ordinary shares upon a potential Air Baltic IPO, with Lufthansa's share to be not less than 5%, according to the companies. ... Air Baltic flies ...

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 · 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 · 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 ...