Lufthansa Takes 100 Percent Brussels Airlines Shares

Lufthansa Takes 100 Percent Brussels Airlines

Lufthansa Takes 100 Percent Brussels Airlines Shares. The German airlines group has acquired 100% of Brussels Airlines Having the option to buy the remain 55% of the shares of 2.6 million euros. From 2018, the carrier will be fully integrated into the Lufthansa Group joining the Eurowings Group.

Carsten Spohr, CEO of Deutsche Lufthansa AG, said: "Following the acquisition of 45% stake in SN Airholding eight years ago. We now want to take a next step in our already solid and successful cooperation. Long-time member and partner of Brussels Airlines. Which are already linked among other étroitement.

He added: "they has a competitive cost structure and has already established well Brings long-haul network, especially to and from Africa, to the Lufthansa Group portfolio."

Following the acquisition, Brussels Airlines will continue to operate ICT 23 long distance destinations as well as 79 destinations within Europe under the umbrella of the Eurowings Group. The Brussels Airlines brand will be complemented by the statement: "Member of the Eurowings Group".

The Board, said: "Participating in the Lufthansa Group additionally allows us to increase synergies while maintaining our specific competencies. We will complement the Lufthansa Group's network with our large long-distance traffic. Also the transfer to Africa and we want to improve our strong position.

Currently Brussels Airlines operating 48 aircraft and fly to more than 90 destinations. They will joining hundreds of Lufthansa fleet under Eurowings Group.