Experts: Lufthansa's stake in airBaltic is good news for Estonia

Lufthansa is expanding to Latvia - and participating in AirBaltic. Entry to the largest airline in the Baltic region is intended to further strengthen the cooperation.

Lufthansa is on a shopping spree: Shortly after acquiring a stake in the Italian airline ITA, the group is also acquiring a stake in Air Baltic from Latvia.

The Lufthansa Group will invest 14 million euros in the Latvian airline Air Baltic and thus acquire a 10% stake in the airline.

The Lufthansa Group strengthens its presence on the European market by signing an agreement for the acquisition of convertible shares corresponding to a 10% stake in the Latvian airBaltic airline for 14 million euros, both companies reported in communiqués.The convertible shares will be converted into ordinary shares in the case of an airBaltic OPV.The amount of the share will be determined by the market price of the possible airBaltic OPV, so t…

Lufthansa Group takes stake in airBaltic with €14m investment

Latvian airline airBaltic has secured a strategic investment from Lufthansa Group, which will acquire a minority stake and a supervisory board seat in the company. The post Lufthansa Group takes stake in airBaltic with €14m investment appeared first on Aviation Business News.

The Latvian Ministry of Transport, airBaltic and the Lufthansa Group announce the signing of an agreement for the Lufthansa Group to invest 14 million euros in airBaltic for a minority stake and a seat on the supervisory board. In exchange for its investment, the Lufthansa Group will receive a convertible share giving it a 10% stake, which will be issued at a subscription price of 14 million euros and converted into ordinary shares during a poss…