Eurowings to double in size in 2017

Lufthansa takes over all of Brussels Airlines
Low-cost carrier Eurowings looks set to double in size next year, as its parent company Lufthansa Group confirms that it will exercise an option to buy the remaining 55% of Brussels Airlines for €2.6 million.
Such a deal will add 51 planes to the group and expand its network in Belgian carrier’s core region of sub-Saharan Africa. The purchase price is low because Lufthansa has already loaned €45 million to Brussels Airlines.
“I’m convinced we will see a lot more consolidation in the years to come. The strong ones will get stronger and bigger,” said Lufthansa CEO Carsten Spohr as he described the fierce low-cost competition in Europe to reporters.
He added that buying Brussels Airlines means Lufthansa Group will have up to 700 aircraft in 2017, with around 180 as part of Eurowings.
Reuters

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