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International

JetBlue Sells Stake to Germany's Lufthansa Airline

STEVE INSKEEP, host:

NPR's business news starts with JetBlue saying willkommen to new investment.

The biggest air carrier in Germany just bought a 19 percent stake in JetBlue. That's the first major investment by a foreign airline in an American carrier since the early 1990s. The $300 million investment is a bargain for Lufthansa, which is paying with the strong Euro. The money will help JetBlue deal with its red ink and high fuel costs and new competition. Transcript provided by NPR, Copyright NPR.

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