Lufthansa Invests in AirBaltic for Strategic Partnership
Lufthansa Group invests €14 million in airBaltic, securing a 10% stake and positioning itself as a key strategic partner ahead of a potential IPO.
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Lufthansa Group has taken a significant step in strengthening its European portfolio by acquiring a convertible share in Latvia’s flag carrier, airBaltic. The agreement, announced on January 29, allows Lufthansa to gain a 10% stake in the airline at a subscription price of €14 million. This stake will be convertible into ordinary shares in the event of an initial public offering (IPO) in the future.
This strategic partnership is expected to bolster Lufthansa’s presence in the Baltic region and provides airBaltic with the opportunity to expand its reach, particularly in the realm of wet lease operations. By securing this deal, Lufthansa will enhance its operational flexibility and growth potential as a key player in the European airline market.
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