Lufthansa has finally firmed up its acquisition of a 10% stake in Riga-based Latvian flag carrier airBaltic. The move, which was announced on Wednesday evening, follows rumors of the same that ...

Three airBaltic A220-300s in the main-hangar for maintenance. Credit: Kurt Hofmann Lufthansa Group has signed an agreement to receive a convertible share granting a 10% stake of Latvian flag ...

Lufthansa Group will take a 10% stake in airBaltic for EUR14 million, in the form of convertible shares, and a supervisory board seat. Subject to competition authority approval, the deal is expected ...