Publications
Partners
Cape Town - The supervisory board of Lufthansa approved the exercising of a call option to acquire the remaining 55% of shares in SN Airholding at its meeting on Wednesday.
SN Airholding is the parent company of Brussels Airlines. 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," Lufthansa said in a statement.
READ: Lufthansa sees difficult quarter on terrorism attacks
* Commencing December 2 2016 Lufthansa will extend its direct flight between Frankfurt and Cape Town to year-round. This follows an announcement made earlier this year that it would offer direct flights between Frankfurt and Cape Town for the seasonal period.
The decision came in light of the growing importance of the Cape Town–Europe route due to an increase in interest, particularly from European businesses and leisure travellers.
Interest in the direct route between Frankfurt and Cape Town came not only from German travellers, but from many of Lufthansa’s customers in Europe who favoured a direct route between the continent and the Mother City.
Read Fin24's top stories trending on Twitter: Fin24’s top stories
