Lufthansa Group has taken a 10% share in airBaltic while extending the existing Airbus A220 wet lease deal between the carriers.

Lufthansa said on Wednesday it had agreed to receive a stake of 10% in Latvian airline airBaltic, as the German airline seeks to strengthen its international network. The stake will be issued in the form of convertible shares currently at a subscription price of 14 million euros,

Boeing appears to have confirmed the German flag carrier Lufthansa as the 777-9 launch customer in its latest earnings conference call.

Lufthansa wants to bind wet-lease partner Air Baltic more closely to itself – and is taking a stake of up to 10% in the Latvian national carrier. Meanwhile, there are rumours about Lufthansa acquiring a stake in another European airline.

LONDON (Reuters) -German airline group Lufthansa is in talks with Spanish carrier Air Europa about the possibility of acquiring a minority stake, according to two sources with knowledge of the talks. The airline is 20% owned by BA-parent IAG, which backed out of taking full ownership last year due to regulatory concerns.

Lufthansa Group has agreed to invest 14 million euros in Air Baltic for a convertible share representing a 10% stake in the Latvia-based carrier. Lufthansa also would take a seat on Air Baltic's supervisory board.

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.

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...

Minneapolis-St. Paul International Airport (MSP) saw 37.2 million passengers pass through its gates in 2024, inching closer to the pre-pandemic record. It's a 6.9% increase over 2023 and the fourth straight year in which the airport saw passenger totals rise after setting a record of 39.5 million passengers in 2019.

Lufthansa Group has agreed to take a 10% convertible shareholding in Air Baltic, ahead of the Latvian carrier's upcoming initial public offering. The agreement - valued at €14 million ($14.6 million) - involves Lufthansa's acquiring convertible shares which would be changed to ordinary shares once the offering takes place.

Beginning April 30, Lufthansa will fly the A380 daily to Denver from its Munich Airport (MUC) hub. The double-decker plane that seats 509 passengers, including eight in first class and 78 in business class, will replace a newer but much-smaller Airbus A350-900 on the route.