Reluctant to pursue acquisition opportunities currently available in Europe, Lufthansa instead opted to invest approximately $300 million in a recently loss-making carrier based in one of the world's most saturated and volatile markets. The German giant yesterday announced the acquisition of 19% of the equity of JetBlue Airways, a move that Chairman and CEO Wolfgang Mayrhuber said marked "a compelling opportunity to invest in the US point-to-point carrier market as the industry continues to ...

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