Quantcast

Lufthansa acquires stake in airBaltic; expands wet lease partnership

Airport Workers Save the Day After Woman Loses Diamond from Her Engagement Ring in Baggage Carousel
I never talk to strangers on the plane. After my dad died, a passenger helped me talk about my grief.
American Airlines reveals new summer route: Miami → Rome
Budget UK airline launches huge sale with £29 flights to 475 holiday hotspots – but you’ll have to be quick
Delta Passengers Can Book a ‘Last Mile’ Private Jet Charter to Europe This Summer
Honeywell Runway Safety Technology Selected by Southwest Airlines for Fleetwide Installation
Southwest Airlines Adds Cockpit Alerts to Boost Runway Safety
This Airline Is Going to Start Handing Out $675 Fines to 'Unruly' Passengers: 'It Is Unacceptable'
Summer of savings? New analysis shows airfare has dropped significantly - The Points Guy
Travelers are taking extreme measures and using hacks to avoid airline baggage fees
Pigeons Cause Chaos on Delta Flight
United Airlines’ Uniforms Get A Facelift—And A Political Filter
United Continues to Face Catering Chaos at San Francisco
Passenger Stows Away on Delta Flight from New York to Paris
Wizz Air becomes first airline to operate P&W-powered Airbus A321XLR jet
Hawaiian Airlines’ new ‘no show’ policy may make travel more expensive
BLIMP-SE OF THE FUTURE Luxury zeppelins of the future from ‘flying bum’ world’s largest aircraft to Google billionaire’s ‘impossible’ airship
Swiss Startup SmartFlyer Develops Hybrid-Electric Trainer
San Francisco-based entrepreneur takes a trip on India's worst-rated airline, his reaction will surprise you
First-Time Flyer at 81: A Grandmother's Memorable Journey
Ryanair forecasts fare rebound as consumers recover from interest-rate hit
Alaska Airlines' “Aviation Day” inspires future aviators
Global Airlines Launches Inaugural Flight, Aiming to Revive 'Golden Age of Travel'
Winning routes: American Airlines adds more than 22,000 seats for football fans following release of 2025–2026 pro schedule
Boeing scores Middle East plane deal during Trump visit
Air travel will be ‘worse’ this summer, lawmakers warn — as FAA gives infuriating update on system fixes, staffing issues
Qatar Airways places record $96 billion Boeing order amid Trump visit
United Airlines CEO Reassures Passengers About Newark Airport Safety
American Testing Tech to Help Passengers Make Connecting Flights
British Airways to use AI in efforts to improve operations
Lufthansa acquires stake in airBaltic; expands wet lease partnership
Airports
Webp ydk7i87nna8d4fwcpi9gsq5b9pco
Logo | Lufthansa website

Lufthansa Group has entered into an agreement to acquire a convertible share representing a 10 percent stake in the Latvian state airline airBaltic. This share will be issued at a subscription price of 14 million euros, and Lufthansa Group will also gain a seat on the airBaltic Supervisory Board.

The convertible share is set to transform into ordinary shares if airBaltic undergoes an initial public offering (IPO). The size of Lufthansa's stake will depend on the market pricing during the IPO, but it will not fall below 5 percent.

This transaction builds upon the existing wet lease agreement between Lufthansa Group and airBaltic. It aims to enhance airBaltic’s role as a strategic partner for Lufthansa. The expanded commercial cooperation is expected to improve network quality and open additional markets for Lufthansa Group. Plans are also in place for further development of wet lease services to meet customer expectations.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The transaction is scheduled to close in the second quarter of this year, pending antitrust review.

Recently, the wet lease agreement between both companies was extended for three more years beyond summer 2025. This partnership allows flexible deployment of up to 21 additional Airbus A220-300 aircraft in summer and five in winter across various Lufthansa hubs, catering to increased customer demand during peak seasons.

With these added capacities from airBaltic, high-demand destinations can be served more flexibly. It also strengthens connections with intercontinental services at Lufthansa Group's hubs.

airBaltic is Latvia’s national airline, headquartered in Riga, operating a fleet of 50 modern Airbus A220 aircraft. Since their collaboration began in 2019, airBaltic has been recognized as a reliable partner by Lufthansa Group.

Organizations Included in this History
More News

The UNI Africa Regional Conference concluded with a strong focus on consolidating working-class power.

Jul 6, 2025

In a recent rally at Gwanghwamun Square, UNI Global Union affiliates, including the Korea Finance Industry Union (KFIU) and the Korean Health and Medical Workers’ Union (KHMU), joined forces with national labor federations to advocate for stronger...

Jul 6, 2025

The Emirates Group recently held an exhibition titled "Tomorrow Takes Flight," showcasing its sustainability initiatives in aviation.

Jul 4, 2025

Air France-KLM has announced plans to take control of SAS Scandinavian Airlines by increasing its ownership stake to 60.5% by the end of 2026.

Jul 4, 2025

The International Air Transport Association (IATA) has expressed concerns over the Global Solidarity Levy Task Force's (GSLTF) proposal to impose a premium flyer levy, citing potential negative impacts on the airline industry and broader economic...

Jul 4, 2025

American Airlines, known for its extensive network of hub airports, once operated a significant hub at St. Louis Lambert Airport (STL) in Missouri.

Jul 4, 2025