Air Transport World

Lufthansa takes 19% of JetBlue.(Deutsche Lufthansa AG)(JetBlue Airways Corp.)(Brief article)

Reluctant to pursue acquisition opportunities currently available in Europe, Lufthansa instead opted to invest approximately $300 million in a recently loss-making carrier based in one of the world's most saturated and volatile markets. The German carrier on Dec. 13 announced the acquisition of 19% of the equity of JetBlue Airways and a seat on its board of directors.

"They're a premium product supplier. They have a stronghold along the East Coast that we wouldn't find elsewhere, and they're very complementary to our routes and our alliance partners," LH CEO Wolfgang Mayrhuber said at a news conference in Germany. …

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