Lufthansa Aims To Exit JetBlue

German carrier Lufthansa is looking to sell its 15.2 per cent stake in US low-cost carrier JetBlue Airways.

In an announcement last week, (February 18) the airline confirmed it was offering an incentive payment to holders of exchangeable senior notes due in 2017 to exchange these for JetBlue shares before March 18.

Commentators have said that the move signals a bid by the carrier to improve its balance sheet.

Lufthansa has had a stake in New York-headquartered JetBlue since 2007, when it became the biggest shareholder in the airline after buying 19 per cent for $300m.

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