By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Lufthansa Group Makes Investment in airBaltic with Minority Stake
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > Aviation > Airline Economics > Lufthansa Group Makes Investment in airBaltic with Minority Stake
Airline EconomicsAirlinesAviationBreaking News

Lufthansa Group Makes Investment in airBaltic with Minority Stake

Saskia Foster
Last updated: 30 January 2025 12:00
By Saskia Foster 3 Min Read
Share
Lufthansa Group strengthens partnership by acquiring minority stake in airBaltic
The minority stake shows that Lufthansa Group is making further investments in the future of airBaltic © Lufthansa Group
SHARE

Lufthansa Group is further investing in the future of airBaltic. The German aviation giant signed an agreement on January 29, to invest 14 million euros in exchange for a 10% convertible share in airBaltic. This acquisition is an extension of an existing wet lease agreement between the two airlines. The investment has many strategic implications for the Lufthansa Group, including a seat on airBaltic’s Supervisory Board.

Key Details of the Investment

In addition to gaining a seat on airBaltic’s Supervisory Board, Lufthansa Group’s acquired stake will also have the potential to convert into ordinary shares upon a future initial public offering (IPO). Post- IPO, Lufthansa’s stake is going to amount to at least 5%, depending on market valuation. The investment is a strategic one as it builds upon Lufthansa Group’s recent extension of its wet lease partnership with airBaltic.

The German national carrier has extended its wet lease with airBaltic for an additional three years beyond the summer 2025 period. This arrangement allows Lufthansa to flexibly deploy up to 21 of airBaltic’s Airbus A220-300 aircraft during the summer and five in the winter. These wet lease services allows Lufthansa to strengthen its network stability and streamline operations across various markets.

Lufthansa Group strengthens investor relations.
Lufthansa to flexibly deploy up to 21 of airBaltic’s Airbus A220-300 aircraft during summer peaks © Lufthansa Group

Financial and Operational Context

The deal is expected to provide airBaltic with the additional funding needed to support its overall growth plans. The Latvian airline has been planning a EUR 300 million fund-raise through an IPO to finance its future growth. The airline currently operates a fleet of 50 Airbus A220 aircraft and is majority-owned by the Latvian state.

For Lufthansa, the partnership follows a pattern of strategic investments across Europe. This deal with airBaltic succeeds the recent finalisation of a 41% stake purchase in Italian flag carrier ITA Airways.

This development strengthens the existing partnership between the two airlines and positions Lufthansa for greater influence in the Baltic region. The deal, which is subject to antitrust review, will be closing in the second quarter of 2025.

Do you think this partnership will be profitable for both parties? Let us know in the comments

You Might Also Like

WestJet Expands European Network with Air France and KLM Partnerships

Qatar Airways Makes Two Historic Deals

ECTAA demands mandatory airline insolvency protection in Europe following Air Belgium’s bankruptcy

Finnair Flight Cancellations: The Latest on Helsinki Airport Strikes

Etihad Expands with 28 New Aircraft: Airline Plans to Double in Size by 2030

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Saskia Foster
By Saskia Foster
Aviation Reporter - Saskia is an English and Philosophy Major with a background in copy-editing and translation of the German language. She is an avid traveller and keen writer.
Previous Article Qantas plans its first major uniform redesign in over a decade Qantas Embarks on New Chapter with Uniform Redesign
Next Article Westin Costa Navarino, View of the Messinian Gulf © Christian Thevathasan London to Kalamata: Greece’s coastal paradise
Leave a comment
Subscribe
Login
Notify of
guest
guest
0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Avianca aircraft
Freddie Awards Celebrate Avianca’s Lifemiles, Again
Airlines Aviation Points & Loyalty Travel
TAP Business Class
New Porto to Boston Route Launched by TAP Air Portugal
Aircraft Airlines Airports Aviation Travel
A photo of An aircraft loading SAF
Lack of Sustainable Aviation Fuel May Increase Airfares
Aircraft Aviation Travel
© Getty Images
From Boarding Gates to Game Rooms: The Rise of Mobile Gaming Among Filipino Jetsetters
Aviation Technology Travel
Playa dPlaya del Carmen Sunset Pool © Hiltonel Carmen Sunset Pool © Hilton
Why You Should Read Reviews Before Booking a Tour or Hotel
Travel Trip Reviews
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?