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."

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