Lufthansa Group has agreed to invest €14m in airBaltic, acquiring a minority stake and a seat on the airline’s supervisory board.
The investment will yield a convertible share that grants a 10pc stake, which will convert to ordinary shares following airBaltic’s planned IPO, expected to close in Q2 2025 pending antitrust approval.
airBaltic is aiming for a €300m fundraising via the IPO to support future growth, including the expansion of wet-lease agreements with partners such as Lufthansa Group and Sociedad Uruguaya de Aviación.
The airline operates a fleet of forty-nine A220-300s and is predominantly owned by the Latvian government, which holds a 97.97pc stake.
