Lufthansa wins Brussels Airlines

LUFTHANSA has won permission from the EU antitrust authorities to purchase 45% of Brussels Airlines in a deal worth E65m, with an option to take the rest from 2011.  The total price will depend on performance-related factors and, initially, on 2010 results.  The Commission, which had cleared Lufthansa's takeover of bmi last month, is now looking into its proposed purchase of loss-making Austrian Airlines, with the deadline for that review set for 1 July. www.lufthansa.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum