The board is also expected to discuss plans for Lufthansa to take jets for Eurowings from Air Berlin (AB1.DE), sources have said, to help it become the third largest low-cost airline in Europe after Ryanair and easyJet.
Lufthansa said this year it was discussing how to bring Brussels Airlines, which has 49 planes, into its Eurowings platform, which has about 90 planes now.
Brussels Airlines is strong on routes to Africa, where the Lufthansa network has gaps, and the German carrier has said it will look at ways to keep some of the branding.
Lufthansa bought 45 percent of Brussels Airlines owner SN Airholding in 2009 for 65 million euros ($73 million), with an option to acquire the rest from 2011.
Because Lufthansa has loaned 45 million euros to Brussels Airlines, the German carrier can buy the rest for as little as 2.6 million euros more, which has irked Belgian shareholders of the holding firm, Belgian daily Le Soir has reported.
A person familiar with the matter confirmed the figure of 2.6 million euros.
The concept for bringing Brussels into the Lufthansa Group must now be discussed in detail, a spokesman for the German airline said following the supervisory board's decision.
Lufthansa had delayed a decision about whether to exercise its option to buy all of Brussels Airlines after fatal attacks at the airport and metro system in the Belgian capital in March.
Brussels Airlines served a record 7.5 million passengers in 2015 and made a record net profit of 41.3 million euros. Passengers numbers decreased in March and April as a result of the attacks but have been recovering since.
The transaction, is expected to be concluded at the beginning of 2017 after it has held discussions wih SN Airholding shareholders, Lufthansa said in a statement.
Le groupe allemand Lufthansa compte mettre davantage de vols en direction de Maurice lors de la prochaine saison. En raison des bons résultats enregistrés lors de la période traditionnellement creuse pour Maurice, le transporteur a de nouveau inséré Maurice dans son horaire d’hiver européen.
4 years, 11 months ago
Germany’s Lufthansa AG canceled about one third of scheduled flights on Wednesday and Thursday, after two German courts rejected its request to stop a strike by its cabin crew that is continuing for a fifth day.
5 years, 10 months ago
Pilots at German airline Lufthansa started a second day of strikes on Wednesday, grounding around 1,000 flights and affecting 140,000 passengers, and said more strikes would come if management did not improve their offer in a row over cost cutting.
6 years ago