Lufthansa acquiring a minor stake in JetBlue Airways

Lufthansa acquiring a minor stake in JetBlue Airways

German airline company Lufthansa is now going to acquire a 19 percent stake in low-cost U.S. airline JetBlue Airways.

The deal is worth around $300 million and it represents the first major investment by a European carrier in a US based airline company in a long time.

The two companies would however require approval from the regulatory bodies for this acquisition deal.

The laws in the US limit the foreign stake in an airline company to be below 25% so it should face no major hassles.

JetBlue Chief Executive Dave Barger spoke about this announcement: “At this point in time it’s strictly a minority investment and we’ll see where the future takes us with exploring other opportunities.”