Lufthansa and Brussels Airlines Tie-Up
The European Commission recently granted regulatory approval for the tie-up of Lufthansa and Brussels Airlines. The decision paves the way for Lufthansa to acquire an initial 45 percent stake in SN Airholding SA/NV, the parent company of Brussels Airlines.
As of 2011, Lufthansa can buy the remaining 55 percent stake in Brussels Airlines once it has secured the necessary traffic rights, thereby completing the takeover of the Belgian carrier. The transaction is expected to be finalised by the end of July.