Lufthansa Buys Stake in JetBlue

I doubt anybody was expecting this to happen, and even investors aren't sure what to make of it, but LH has bought a 300 million dollar - 19% - stake in jetBlue. This allows LH to have one of its own people on the jetBlue board. People have speculated, according to the article, that LH did it partly because of the impending flight caps to be imposed on JFK, and that having a stake in B9 would allow it some leniency. All I say is that this is pretty ironic. I guess B9 can't complain about foreign influence in VX anymore! [:D]

Link to NYT article

[Scrooge]

It also allows LH to get a lot of domestic feed.