3 days 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 ...

2 days 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.

Summarizing the key milestones and achievements of 2024, the Latvian national airline airBaltic highlights a year marked by significant growth, record-breaking results, innovative …

2 days 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 ...

3 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 ...

2 days 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 · 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 ...

2 days ago · Peterson said €14 million is a relatively small amount, but taking into account airBaltic's turnover, debt burden of over a billion euros, accumulated losses from previous periods of around €650 million, and Lufthansa's capabilities, it seems like Lufthansa was granting Air Baltic a trust loan before the initial listing of its shares.

3 days 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 ...

The Lufthansa Group is extending its collaboration within the framework of a wet lease partnership with its long-standing and proven partner airBaltic (BT) for a further three years beyond the summer of 2025.