Lufthansa moves fast to create huge LCC

Board approves Brussels takeover, discusses Air Berlin planes
A plan to boost Lufthansa’s Eurowings low-cost operation looks likely to go ahead, after the German giant’s supervisory board approved the purchase of the 55% share of Brussels Airlines it does not already own.
The board is also expected to discuss Lufthansa taking planes from Air Berlin for Eurowings, according to sources close to the airlines. The aim is to quickly make Eurowings the third biggest low-cost carrier in Europe after Ryanair and easyJet.
Lufthansa said in April that it was considering merging Brussels Airlines, which has 49 aircraft, and Eurowings, which currently has about 90 planes.
Brussels is strong on Africa, where the Lufthansa network has gaps, and it is possible that some of the branding will be kept.
Lufthansa bought 45% of Brussels Airlines owner SN Airholding for €65 million in 2009, and because has loaned it €45 million since then, the German carrier could buy the rest of the Brussels carrier for as little as €2.6 million.
Reuters

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