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Will Lufthansa Divest Its JetBlue Stake?

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03-30-2012, 07:10 PM

JSpira

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Will Lufthansa Divest Its JetBlue Stake?

Some people may not even recall that LH owns a significant stake in JetBlue but that may not last:

Lufthansa Poised to Divest JetBlue Stake

Quote:

Lufthansa, which currently owns ca. 15.7% of JetBlue, announced plans to issue bonds that will be redeemable in shares of JetBlue Airways Corp., a move that has the potential to reduce Lufthansa’s stake in the U.S. airline to zero.
Lufthansa acquired a 19% stake in JetBlue in January 2009.
The airline is currently in the process of selling its U.K-based airline, British Midland or bmi, to International Con

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