Lufthansa Purchases 19% Stake in JetBlue
December 14 2007 07:34 am
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).
