Lufthansa Group has signed an agreement to acquire a 10% minority stake in airBaltic for €14 million, marking a deeper strategic partnership between the two airlines.
The investment, structured as a convertible share, will convert into ordinary shares upon a future airBaltic IPO. Post-IPO, Lufthansa’s stake will be at least 5%, depending on market valuation.
This move enhances airBaltic’s financial position and reinforces its leading hybrid airline model, particularly in wet lease operations and market expansion. The deal underscores Lufthansa’s continued investment in regional connectivity and strategic airline partnerships. ??
This post was published on 29 January 2025 22:27
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