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JetBlue Sells Stake to Lufthansa for $300 Million

14 December 2007

JetBlue, the struggling discount carrier, sold a 19 percent stake in its business to Lufthansa of Germany for $300 million Thursday, the first major investment by a foreign airline in an American rival since British Airways took a stake in American Airlines in the early 1990s.

While Lufthansa’s investment is strictly financial and does not include any strategic partnership for now, industry watchers speculated that the deal could lead to further cooperation and give Lufthansa an important foothold in the United States.

source: The New York Times

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