BUSINESS

Lufthansa In Talks To Buy 20 Percent Stake In JetBlue

03/28/2008 02:45 am ET | Updated May 25, 2011

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.

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