Lufthansa buys a boarding pass on JetBlue

DealBook scooped the competition with its story about Germany's Lufthansa buying a 19% stake in hometown airline JetBlue Airways Corp. The DealBook story came about two and a half hours before the airlines issued their press release.

In addition to scooping rivals, DealBook also found time to offer some insight into the deal: "The interest from Lufthansa, which is based in Germany, is the latest example of foreign investors leveraging the strength of the euro against the dollar."

The $300 million investment will go a long way in helping JetBlue face growing competition from Richard Branson's nascent Virgin America and low-cost carrier leader Southwest Airlines Co.

Full coverage will come later in The Daily Deal and on TheDeal.com. — Matthew Wurtzel

See press release via Yahoo! Finance
See story from DealBook

Deal Video

	Inside The Deal: Cisco Systems' Ned Hooper on raising the bid for Tandberg.
More video...

Elsewhere on The Deal.com

Dealwatch

• Confectioners: Cadbury, Hershey, more
• Airline consolidation, bankruptcy
• AIG Inc.
• AOL

The Deal Magazine

• The kids are all right
• The search for auspiciousness
• Be true to your school
• Waiting to exhale

Corporate Dealmaker

• Microsoft CFO Chris Liddell exiting
• Deal Economy 2010: Cisco's Hooper on Tandberg pursuit
• Deal Economy 2010: IBM's Mendoza on IT services M&A
• Next up on mobile ad acquisitions

The Deal Video

• Deal Economy 2010: AlixPartners' Deedy on retail bankruptcies
• Deal Economy 2010: GE's O'Brien on GE Capital lending
• Deal Economy 2010: Cisco's Hooper on M&A strategy
• Deal Economy 2010: Morgan Stanley's Smith Barney integration

Categories

• Bankruptcy
• Corporate restructuring
• Deal international
• Dealmakers
• Featured
• IPOs
• M&A
• Middle market
• Law & regulation
• Private capital
• Conferences
• Technology

Blog roll

• BloggingBuyouts
• BloggingStocks
• Dealbook
• DealBreaker
• Deal Journal
• FT Alphaville
• footnoted.org
• Going Private
• peHUB
• Reuters Dealzone
• SEC Investor
• Prince Of Wall Street
• Bankruptcy Bill
• Information Arbitrage

Archives

• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006
• June 2006
• May 2006
• April 2006
• March 2006
• February 2006
• January 2006
• December 2005