The supervisory board of Lufthansa has announced that it will take over Brussels Airlines, exercising its option to acquire the remaining 55% stake in the Belgian carrier’s parent company, SN Airholding. Lufthansa purchased 45% of Brussels Airlines’ shares for 65 million EUR and held the option to acquire the remaining shares.
The transaction is expected to be finalized early next year.
Lufthansa owns Germanwings, Eurowings, Swiss Airlines, Austrian Airlines, and the air freight company Lufthansa Cargo.
Source: Economica
Frequently Asked Questions
What percentage of Brussels Airlines will Lufthansa own?
Lufthansa is acquiring the remaining 55% stake, bringing its total ownership of the Belgian carrier’s parent company, SN Airholding, to 100%.
How much did Lufthansa pay for the initial stake?
Lufthansa previously purchased 45% of Brussels Airlines’ shares for 65 million EUR.
Which other airlines are part of the Lufthansa Group?
The Lufthansa Group includes Germanwings, Eurowings, Swiss Airlines, Austrian Airlines, and Lufthansa Cargo.