29 JUNE 2009

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Article from BTNews 29 JUNE 2009

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

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