Lufthansa Group has acquired 100 per cent of Brussels Airlines.
The German-based company took up the option to purchase the remaining 55 per cent of shares for €2.6 million.
The Group owned 45 per cent of the airline’s parent company SN Airholding after a deal in 2009.
“As a longstanding shareholder and partner of Brussels Airlines, we are already closely linked to each other,” said Carsten Spohr. “Accordingly, we value Belgium and especially Brussels as highly attractive markets that perfectly complement our offer in the heart of Europe.
“In addition, Brussels Airlines has a competitive cost structure already and brings a well-established long-haul network, especially to and from Africa, to the Lufthansa Group portfolio. We also very much appreciate the high qualification, motivation and performance of the 3,500 Brussels Airlines employees."