Lufthansa buys 19 pct stake in JetBlue

December 14, 2007 9:24:39 AM PST
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."