Latvian airline airBaltic has secured a strategic investment from Lufthansa Group, which will acquire a minority stake and a supervisory board seat in the company.
The €14 million investment comes as part of an agreement between airBaltic, the Latvian Ministry of Transport, and Lufthansa Group.
As part of the deal, Lufthansa Group will receive a convertible share granting a 10% stake in airBaltic. This stake will be converted into ordinary shares upon a potential initial public offering (IPO). While the final size of Lufthansa’s holding will depend on market pricing, the agreement ensures a minimum 5% stake post-IPO.
The investment builds on the long-standing partnership between Lufthansa Group and airBaltic, further integrating their strategic cooperation. Lufthansa Group will also appoint a representative to airBaltic’s supervisory board once the transaction closes, which is expected in the second quarter of 2025, pending regulatory approvals.
For airBaltic, the deal provides additional financial support to advance its growth strategy, including fleet expansion and the strengthening of its wet lease agreements. The investment also underscores airBaltic’s strong market position and its unique hybrid business model.
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