Lufthansa Supervisory Board Approves Full Acquisition of Brussels Airlines

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The Supervisory Board of Deutsche Lufthansa AG has approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding, the parent company of Brussels Airlines. The approval paves the way for Lufthansa’s full acquisition of Brussels Airlines.
The German flag-carrier says it remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa AG subject to discussions and final agreement with the SN Airholding shareholders by the end of this year. It said it aims to conclude the transaction “at the beginning of 2017.”