http://business.timesonline.co.uk/to...cle4744715.ece

Other than it's investment for a near 20% stake in Jetblue, LH is also into bmi for 20%(with options for full ownership coming due), plans a newly agreed to 45% stake in Brussels Airlines, and is in talks to purchase SAS (Scandinavian Airlines), which owns Spanair, outright.

They are also considering forming an alliance with Virgin Atlantic and bmi to combat the likely AA/BA tie-up.

LH, more than anyone else it seems, is jumping on the opportunity of depressed Market Capitalization in the industry. A long-term bet they hope will pay off big. Don't look now, but the German economy seems headed for a fall.

However you look at this, LH is not sitting on the sidelines.