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 ...

1 day 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 · 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 ...

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 · Lufthansa Group has an established wet lease agreement with airBaltic, with the Latvian carrier providing up to 21 of its A220-300 aircraft at various Lufthansa Group hubs during the summer months ...

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 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 Group and airBaltic’s wet lease agreement for an additional three years beyond summer 2025 allows Lufthansa Group to deploy up to 21 of airBaltic’s fuel-efficient Airbus A220-300 aircraft during the summer season and five during winter across its hubs, enabling greater flexibility in meeting seasonal demand. ...

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 ...

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.