Lufthansa Invests In AirBaltic To Become Strategic Wet Lease Partner

Airbaltic A220-300

Three airBaltic A220-300s in the main-hangar for maintenance. 

Credit: Kurt Hofmann
Lufthansa Group has signed an agreement to receive a convertible share granting a 10% stake of Latvian flag carrier airBaltic which will be issued at a subscription price of €14 million and converted into ordinary shares upon a potential initial public offering (IPO). The Jan. 29 announcement comes...
Kurt Hofmann

Kurt Hofmann has been writing on the airline industry for 25 years. He appears frequently on Austrian, Swiss and German television and broadcasting…

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