Lufthansa Said to Weigh Investment in Air Baltic Before IPO (1)

Deutsche Lufthansa AG is considering taking a stake in AirBaltic Corp. ahead of the Latvian state-owned carrier’s proposed initial public offering, according to people familiar with the matter.

Talks are at an early stage and no decision about an investment has been made, said the people, asking not to be identified discussing confidential deliberations. Air Baltic’s management has been gearing up for an IPO by the end of 2024, though Chief Executive Officer Martin Gauss has indicated it could also occur in the first half of 2025.

Lufthansa declined to comment, as did AirBaltic.

Latvia has said it plans to ...