Jan 29, 2025 · 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 ...

Jan 30, 2025 · Germany’s Lufthansa Group has confirmed that it has acquired a 10% stake in Riga-based Latvian flag carrier airBaltic.The deal, announced on Wednesday, January 29, 2025, confirms an intention first mooted by the Lufthansa Group in October 2024 to take a minority shareholding in the Latvian airline.

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.

Jan 29, 2025 · Lufthansa Group has announced plans to invest in airBaltic. The two companies have signed an agreement, whereby Lufthansa Group receives a convertible share representing a 10% stake in the airline, which will be issued at a subscription price of €14 million. Additionally, Lufthansa Group will receive a seat on the airBaltic board.

Sep 13, 2024 · Lufthansa Group and airBaltic have extended their partnership, whereby we’ll see Lufthansa Group wet lease up to 21 Airbus A220s in summer, and up to five jets in winter. The airlines have cooperated on a wet lease agreement for …

Jan 30, 2025 · Lufthansa Group has agreed to invest €14 million in AirBaltic for a convertible share representing a 10 per cent stake in the Latvia-based carrier, the companies announced on Wednesday.

Jan 29, 2025 · 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...

Jan 30, 2025 · Lufthansa Group is deepening its strategic partnership with airBaltic by acquiring a 10% convertible stake in the Latvian national airline for €14 million.

4 days ago · Lufthansa Group will take a 10% stake in airBaltic for EUR14 million, in the form of convertible shares, and a supervisory board seat. Subject to competition authority approval, the deal is expected to close in 2Q2025. In the event of an airBaltic IPO, Lufthansa's investment will be converted into ordinary shares, representing no less than 5%.. The two airlines already have a …

Jan 30, 2025 · 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 ...