Lufthansa Board Approves Full Acquisition of Brussels Airlines
MIAMI — The Supervisory Board of Deutsche Lufthansa AG approved the acquisition of the 55 percent of SN Airholding, holding company of Belgian carrier Brussels Airlines.
Lufthansa, which already owns 45 percent of Brussels Airlines since 2008, said Wednesday that the supervisory board was exercising a call option for the remaining stake. The transaction should be concluded early next year, subject to the approval of the shareholders of SN Airholding.
According to a report from Reuters, “Lufthansa said earlier this year it was discussing how to bring Brussels, which has a fleet of 49 planes, into its Eurowings low-cost platform, which currently has around 90 planes.”
Reuters also reports that Brussels Airlines “is strong on routes to Africa, where the Lufthansa network has gaps, and the German carrier previously said it will look at ways to keep some of the branding.”
Lufthansa, Germany’s largest airline, has multiple subsidiaries, including Eurowings, Edelweiss, SWISS, Austrian Airlines and Turkish carrier SunExpress. According to the Group, these airlines offer a combined global route network of 271 destinations in 107 countries.
Brussels Airlines flies from its hub located at Brussels Zaventem Airport to several cities in Europe and Africa. To North America, Brussels Airlines serves New York JFK and Toronto, plus a seasonal flight to Washington Dulles.