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 Belgium's national airline, connecting the capital of Europe to more than 80 destinations, whereof 17 in Africa, the continent Brussels Airlines considers its second home. Besides Africa, Brussels Airlines offers 65 destinations in Europe, 3 in North America and Tel Aviv. The company has over 4,000 employees and 48 aircraft operating some 250 flights daily, flying more than 10 million passengers a year to, via and from Brussels Airport. Thanks to its no-compromise positioning, Brussels Airlines combines competitive fares with the highest service quality.  With yearly changing Belgian Star Chefs, its wide offer of Belgian food and drinks and the five Belgian Icons, Brussels Airlines is an ambassador of its country, bringing the world to Belgium and the best of Belgium to the world.

Brussels Airlines offers cargo capacity on all its flights, commercialized by Lufthansa Cargo. The airline also handles the daily maintenance of its aircraft fleet.

Brussels Airlines is part of the Lufthansa Group and is a member of Star Alliance. The company was founded in 2002 and is 100% owned by Deutsche Lufthansa AG.

More information on brusselsairlines.com


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Zone General Aviation - Airport Building 26
1831 Diegem