Read more »

"/>

Lufthansa Purchases 19% Stake in JetBlue

You’ll certainly see this elsewhere, but Lufthansa has purchased a 19% stake in JetBlue for $300 million.  Depending on whom you believe, the Lufthansa either made the investment because it saw a good deal with the weak dollar and JetBlue at a low point, or because JetBlue has major debt obligations and won’t have the cash to pay them and continue growing their operations.  The investment is purely financial and will not result in code shares (at least not yet).

Did you enjoy this post?
Sign Up to Receive 1 Email Each Day
Join the more than 7000+ people who get 1 email each day with all the airline news, credit card ideas and general nonsense we've provided for more than 10 years.

Leave a Comment


NOTE - You can use these HTML tags and attributes:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>