Financial investor Infinite Miles has disposed of shares in each of Lufthansa Group and Air France-KLM Royal Dutch Airlines Reuters has reported.

According to a source who spoke to the newswire on condition of anonymity, Infinite Miles sold off a 2.5% stake in Lufthansa alongside a roughly 3.5% stake in Air France-KLM. UBS acted as bookrunner in both transactions.

Infinite Miles is said to have invested in the two carrier groups as recently as the fourth quarter of 2016.