Lufthansa Acquires 10% Stake in Latvian Airline Air Baltic

The €14 million investment strengthens Lufthansa's presence in Eastern Europe and builds on a long-standing partnership.

Lufthansa has signed an agreement to acquire a 10% stake in Latvia's state-owned airline, Air Baltic, for €14 million.
The transaction is expected to close in the second quarter of 2025, pending regulatory approval, and will grant Lufthansa a seat on Air Baltic's supervisory board.
Air Baltic operates a fleet of 50 Airbus A220s and serves over 70 destinations from its hub in Riga, making it the largest airline in the Baltic states.
This move expands Lufthansa's strategic footprint in Eastern Europe and enhances its route network, following its recent €325 million investment in a 41% stake in ITA Airways of Italy.
Latvian officials, including Prime Minister Evika Silina, have welcomed the investment as a boost for Air Baltic's growth and a symbol of strong economic ties with Germany.