Lufthansa In Talks To Buy 20 Percent Stake In JetBlue

New York Times:

Lufthansa is in talks to pay $305 million for a stake of roughly 20 percent in JetBlue Airways, the discount airline, people briefed on the matter told DealBook on Thursday.

An announcement could be made as early as Thursday after the markets close.

The interest from Lufthansa, which is based in Germany, is the latest example of foreign investors leveraging the strength of the euro against the dollar. By limiting its stake to 20 percent, Lufthansa would remain below federal limits on foreign ownership of a domestic airline. Though the investment will be passive, these people told DealBook, it opens up an opportunity for Lufthansa to make a bigger deal down the road, possibly some kind of partnership.

Read the whole story: New York Times

Comments

[Sonoita]

05:45 PM on 12/13/2007

Your photo is of a Lufthansa MD-11. Any idea how many years ago Lufthansa actually flew those planes? Current Lufthansa fleet: http://www.lufthansa.com/online/portal/lh/us/info_and_services/flightinfo?l=en&nodeid=1770492&cid=1000390

[TJS]

04:33 PM on 12/13/2007

The government should never allow foreign countries to own a majority share of U.S. air carriers -- which is Lufthansana's goal.

[themodernleader]

03:24 PM on 12/13/2007

This is the start of a buying spree that will place this entire Country and its government under the control of foreign entities and their governments.
The leaders and their handlers that have brought us to this calumny should be indicted, tried and brought to justice for their incompetence and treason to our Republic.