Lufthansa buys stake in JetBlue

摘要

Jetblue airways and lufthansa have announced an agreement for Lufthansa to make a minority equity investment in JetBlue. The deal represents the first significant investment by a European airline in a US point-to-point carrier. The boards of both companies have approved Lufthansa's purchase of approximately 42 million newly issued common shares of JetBlue, or 19% of the latter's equity after giving effect to the issuance. Lufthansa is acquiring these at a price of $7.27 per share, or a total of approximately $300 million. A Lufthansa nominee will be appointed to the JetBlue board once the transaction closes.