According to Brussels Airlines, the Supervisory Board of Deutsche Lufthansa AG approved the implementation of a call option to obtain the remaining 55% of shares of SN Airholding, which is the parent company of Brussels Airlines.
The approval allows for a 100% acquisition of Brussels Airlines by Lufthansa with the primary aim to close the transaction by the beginning of 2017.
The continuous negotiations between Lufthansa and Brussels Airlines is to maintain the essential attributes of Brussels Airlines and to ensure that there is growth in the airline’s activity by keeping the employment in Belgium.
While the brand of the company will continue to thrive as, ‘Brussels Airlines’, the business model will be based on both direct flights, as well as connecting flights via central hubs.
New discussions between Lufthansa, Brussels Airlines, the shareholders and all other parties involved are scheduled to take place during October, News24 reminds.