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.

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