Lufthansa enters AirBaltic capital with 10% stake for €14 million
Lufthansa enters AirBaltic's capital with a 10% stake, worth 14 million euros. The closing [...]
Lufthansa
AirBaltic
Lufthansa enters the capital AirBaltic with a altitude of 10%, to the value of 14 million. The transaction is expected to close on second quarter 2025, and is subject to antitrust review.
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Through this agreement, which has been in the air for some time, the German group will have A seat on AirBaltic's supervisory board., the largest domestic airline in the Latvia, with headquarters and hub a Line, in service with a fleet of 50 Airbus A220 aircraft modern (and low fuel consumption).
Specifically, the transaction is based on on the agreement of wet lease existing between the Lufthansa Group and AirBaltic and intends to strengthen the role of AirBaltic as a strategic partner of the Lufthansa Group.
This business operation is important because it allows the Lufthansa Group not only of continue to grow, but also of Improve the quality of its network and add more markets.
Indeed, further development of the services of wet lease in line with customers' expectations, as the German company itself explains.
Lufthansa and AirBaltic, partnership between the two groups
Lufthansa Group cooperates with AirBaltic from 2019. Recently, the agreement of wet lease between the Lufthansa Group e AirBaltic has been extended for three more years, beyond the summer of 2025.
This partnership allows for the flexible deployment of up to 21 additional Airbus A220-300 aircraft fuel-efficient in summer and five aircraft of this kind in winter at various hubs of the Lufthansa Group.
Lufthansa, Air Europa also in the crosshairs
But that is not all. Lufthansa's expansionist aims do not stop. The German airline, to date one of the largest in Europe, has also set its sights on Air Europa, the second Spanish carrier, of which Would like to take 20% of the quotas.
In addition to AirBaltic, In fact, Lufthansa also recently acquired the 41% of ITA Airways. But Air Europa's network, with routes to Central and South America, is very tempting and becoming increasingly attractive.
The German company saw right through it, because AirEuropa's business is booming. It closed a prosperous 2024: records with 2.9 billion euros in sales, a growth of 6% and a production of nearly 200 million euros in profit.
