Lufthansa Buys 19% Stake in JetBlue

FRANKFURT, Germany (AP) -- German airline Lufthansa is paying 300 million dollars for a 19 percent stake in JetBlue.

Germany's biggest airline says it will acquire about 42 million shares from the New York-based JetBlue for $7.27 per share. That is a 16 percent premium to yesterday's closing price for JetBlue.

The deal also provides that the carriers would seek "an operation cooperation."

Comments are posted from viewers like you and do not always reflect the views of this station. powered by Disqus