3 OCTOBER 2016


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Article from BTNews 3 OCTOBER 2016

Brussels Airlines takeover

Lufthansa’s Supervisory Board has approved the full takeover of Brussels Airlines by acquiring the 55% of shares it does not own.

The German airline said that the shares will be acquired through the exercise of a call option.

Founded in 2008, Brussels Airlines operates to more than 90 destinations in Europe, North America and Africa.  As with Lufthansa, it is part of Star Alliance. With the last of its Avro RJ100s leaving the fleet by the end of next year, it will be an all-Airbus carrier with both A320 series (29) and A330 (nine) for long-haul scheduled and charter operations.

In a statement, Lufthansa noted it “remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa”.

The transaction is expected to be concluded by early 2017.


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