50 SKY SHADES - World aviation news

Lufthansa Supervisory Board approves full acquisition of Brussels Airlines

Download: Printable PDF Date: 28 Sep 2016 14:22 category:
Publisher:
Lufthansa Supervisory Board approves full acquisition of Brussels Airlines - Airlines publisher
Krista Kuznecova
Country: Germany Aircraft: Airplanes Airline: Brussels Airlines

Remaining 55% of SN Airholding to be acquired through exercise of call option – transaction to be concluded beginning of 2017

The Supervisory Board of Deutsche Lufthansa AG approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding, the parent company of Brussels Airlines, at its meeting today. The approval paves the way for Lufthansa’s full acquisition of Brussels Airlines.

It remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa AG after the final agreement on the modalities of the exercise of the call option with the SN Airholding shareholders by the end of this year, and to conclude the transaction at the beginning of 2017.

See original image



Loading comments for Lufthansa Supervisory Board approves full acquisition of Brussels Airlines...


Recommended

American Airlines is first retrofit customer for Airbus’ new Airspace XL luggage bins on its A321 fleet

Larger overhead luggage bins offer 40 percent more storage space for carry-on bags Project includes cabin upgrades for 202 A321s Airbus takes major step into US services market with its largest...

Astronics Advanced Electronic Systems Announces Certification of CorePower® System on Pilatus PC-24

Astronics Corporation, a leading supplier of advanced technologies and products to the global aerospace, defense and semiconductor industries, announced today that its CorePower® System, provided...

Milestone in Swiss Economic History: Pilatus Obtains PC-24 Type Certificates

On 7 December 2017 Pilatus obtained type certificates from the European Aviation Safety Agency (EASA) and the US-American Federal Aviation Administration (FAA) for the first ever Swiss business jet. C...

Ten AS565 MBe Panther helicopters in service in Mexico

On 6 December, the Mexican Navy received two final AS565 MBe Panther helicopters, completing the order of ten purchased in November 2014. Below, an overview of the qualities of this model, which has b...