Brussels Airlines statement after Lufthansa Supervisory Board approval of call option

During its meeting today, the Supervisory Board of Deutsche Lufthansa AG has approved the exercising of a call option to acquire the remaining 55% of shares of SN Airholding, the parent company of Brussels Airlines. This approval paves the way for a 100% acquisition of Brussels Airlines by Lufthansa with the objective to conclude the transaction by beginning of 2017.

 

The objective of the ongoing discussions between Lufthansa and Brussels Airlines is to keep the specifics of Brussels Airlines and to ensure the growth of its activities by keeping employment in Belgium. These specifics are its business model, based on both point-to-point and connecting traffic, and its African and intercontinental network, which contribute to the hub development of Brussels. The governance of Brussels Airlines in 2017 is also on the agenda. Keeping a decision center in Brussels is necessary in order to manage these different operations. The brand of the company remains Brussels Airlines.

New discussions between Lufthansa, Brussels Airlines, the shareholders and all other parties involved will take place in October.

As soon as new information becomes available, it will be communicated.

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About Brussels Airlines

Brussels Airlines is the home carrier of Belgium and one of the four network airlines of the Lufthansa Group. It connects the European capital from Brussels Airport with over 90 destinations, 18 of which are in Sub Saharan Africa. The company employs more than 3,500 people and operates 44 aircraft.

Brussels Airlines aims to emit 50% less CO2 by 2030 compared to 2019 and plans to be carbon neutral by 2050. The airline is participating in the Stargate Project led by Brussels Airport and is therefore part of the testing ground for sustainable aviation at its home base. In addition, the airline signed the Circular Economy agreement of the Antwerp Management School in 2021. The airline was the first to transport Sustainable Aviation Fuel (SAF) through the CEPS-pipeline connecting Brussels Airport early 2023. By end 2024, Brussels Airlines will have welcomed five state-of-the-art Airbus A320neo allowing the airline to significantly lower its CO2- and noise-emissions on its medium-haul network.

As an ambassador of its country, Brussels Airlines brings the world to Belgium and the best of Belgium to the world, among others through collaborations with Belgian Star Chefs, Belgian culinary products and the Belgian Icons, specially painted aircraft that honour a Belgian iconic person, team or event to promote Belgian culture worldwide.

More information on brusselsairlines.com 


About Star Alliance

Established in 1997 as the first truly global airline alliance, the Star Alliance network was founded on a customer value proposition of global reach, worldwide recognition, and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a strong emphasis on enhancing the customer experience throughout the entire Alliance journey.

Overall, the Star Alliance network currently offers more than 17,500 daily flights to over 1,150 airports in almost 190 countries.

Star Alliance Press Office: +65 8729 6691; mediarelations@staralliance.com
More information on staralliance.com

Contact

b.house Zone General Aviation - Airport Building 26 1831 Diegem

+32 2 723 89 90

press@brusselsairlines.com

www.brusselsairlines.com