Lufthansa Supervisory Board approves equity investment in SN Airholding

As of 2011, and following the securing of the air traffic rights of Brussels Airlines, Lufthansa will also be able to exercise an option to acquire the remaining 55% in the second phase. Furthermore, the parties have agreed that Brussels Airlines shall be fully integrated into the Lufthansa Group as soon as Lufthansa has acquired the full 100% stake.
 
Lufthansa CEO and Chairman, Wolfgang Mayrhuber, and SN Airholding Chairman, Etienne Davignon, signed the agreement in mid-September. The agreement has yet to be approved by the competition authorities and the Board of Directors and shareholders of SN Airholding SA/NV.

(C) Centre for Asia Pacific Aviation. Date posted: 25-Sep-08
 

Other Lufthansa News

• Lufthansa launching flights from Munich to Iraq
• Lufthansa Cargo reduces short-time working to 20 per cent
• Lufthansa is planning flights to Iraq
• Germanwings flies with Lufthansa Systems’ navigation charts
• David Albaiceta named new GM Asia Pacific at Lufthansa Cargo Charter
• AeroMobile hails "transformational" Lufthansa deal
• FlyNet takes off again: Lufthansa relaunches inflight Internet
• First Embraer 195 jet is delivered to Lufthansa Cityline
• Lufthansa inks codeshare pact with JetBlue
• Lufthansa expands its services to Africa