Lufthansa has taken a 10% minority stake in Latvia’s national airline, airBaltic, building on an existing wet-lease agreement between the two companies.
The deal, valued at €14 million (R271,7m), also grants Lufthansa Group a seat on airBaltic’s Supervisory Board.
By expanding their co-operation, Lufthansa Group aims to enhance its network quality and explore new markets. Additionally, further development of wet-lease services is planned to meet customer expectations.
The transaction is expected to be completed in the second quarter of this year, pending antitrust approval.
Strong demand sees Etihad go daily to Atlanta
Etihad Airways’ new service to Atlanta, which will launch four times a week on July 2, is proving so popular that the airline has decided to make it a daily flight from November 1.
The service will be operated using the airline’s latest Airbus A350-1000, which features 44 business-class seats and 327 in economy class.
