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.

Lufthansa Group acquires minority stake in airBaltic. 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.

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.

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 29, 2025 · 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 ...

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 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 ...

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 29, 2025 · 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 ...