Lufthansa to sell JetBlue stake

Deutsche Lufthansa is selling its 15% stake in JetBlue Airways after seven years via an early redemption of Lufthansa bonds convertible into JetBlue shares. The German airline is launching a voluntary incentive payment offer to holders of the €234.4 million 0.75% exchangeable senior notes due 2017 issued by Lufthansa Malta Blues and guaranteed by Lufthansa, to exchange their Notes into shares of common stock of JetBlue in return for a cash incentive payment for each noteholder that exercises their exchange rights prior to the expiration of the offer on March 17, 2015 at 11:59 pm EST. Noteholders who validly accept