Lufthansa Exectuive Board member Karl Ulrich Garnadt says the German firm will take all of next year to study an consider its options on the future of the Brussels Airlines brand.
Last week, Lufthansa’s board voted in favour of acquiring the remaining 55% stake in Brussels Airlines’ parent SN Airholding that it currently does not own. Talks with the rest of the holding firm’s shareholders are due to begin shortly in the hopes of finalizing a deal by early 2017.
Lufthansa acquired a 45% stake in SN Airholding in 2009. As part of the deal, it retained the option to acquire the outstanding 55% for no more than EUR250 million.
Garnadt, who is also the Chief Officer of Eurowings, said Lufthansa’s attention for the meantime would be focused on a forty plane wet-lease deal with Air Berlin, due to come into effect from late March of next year.