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Lufthansa Malta Blues LP offering notes exchangeable into JetBlue shares and guaranteed by Lufthansa

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29-Mar-2012 Lufthansa Malta Blues LP announces its intention to offer notes due 2017 exchangeable into shares of common stock of JetBlue Airways Corporation at the option of the noteholders. The notes will be guaranteed by Deutsche Lufthansa AG and are to be offered and sold to qualified institutional buyers that are also qualified purchasers in an institutional private placement without registration pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act").

The notes wil be exchangeable into up to 46.7m shares of JetBlue common stock. Lufthansa has an option to give investors exercising their exchange rights cash instead of JetBlue shares. The coupon and exchange premium will be set at pricing, which is expected on 29 March 2012. Settlement of the issue is expected to take place on or around 5 April 2012. The proceeds from the offering are to be used for general corporate purposes.