Lufthansa finally takes the plundge to obtain the remaining 55% of SN Airholding that the Belguim based Brussel Airlines had to offer. The Supervisory Board of Deutsche Lufthansa AG has finally approved and agreed to go through with obtaining the rest of SN, a holding company of The Belgain Airline. As the 2008 Lufthansa primarily owned 45 % of Brussel Airlines and has now approved to be processed by the early of next year Aircraft Propellers And Components. The decisions have still not been yet completed solely based on the approval of the SN shareholder’s opinions on the matter.
According to a report on Reuters, an English news based in the UK, it states that per a talk with Lufthansa earlier in the year they spoke about bringing Brussel Airlines to a Eurowings low cost platform. In doing so this would allow Brussel to impact tremendously with its fleet of 49 planes to an already existing 90 planes in the fleet that the Eurowing already has to offer.
One main reason for the purchase of Brussel was to be able to fur fill many routes in Africa that Brussel owned. Lufthansa looked to fill and purchase subsidiaries in areas in where do not have routes also known as gaps. Brussel Airlines has an established business from
“Brussel Zaventem Airport to several cities in Europe and Africa. To North America, Brussel Airlines serves New York JFK and Toronto, plus a seasonal flight to Washington Dulles. “
The goal in purchasing subsidiaries is to expand Lufthansa routes and be able to cover many countries with already existing airlines. To date Lufthansa owns,” Euro wings, Edelweiss, SWISS, Austrian Airlines and Turkish Carrier SunExpress. “Despite Lufthansa primary base in Germany it has amounted to offer a combined global route network to a total 271 destinations in 107 countries.