Germany's DBA announced that investor Lutz Helmig has taken a 25.1% stake in the airline through his company Aton GmbH. DBA said the deal will double its capital to €20 million ($23.9 million). Helmig founded the Helios Kliniken hospital chain before selling it to Fresenius AG, according to the Associated Press. Helmig becomes DBA's second-largest shareholder after owner Hans Rudolph Woehrl (59.9%), who bought the airline from British Airways in 2003. Remaining investors are DBA's two ...

Subscribe to Access this Entire Article

"DBA gets capital boost through new investor" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.