The European Commission extended the deadline of its review of Lufthansa's bid to acquire Brussels Airlines parent SN Airholding to Jan. 26 from Jan. 12. The parties notified the EC of the intended transaction in late November (ATWOnline, Sept. 16, 2008). In a first stage, LH would take 45% of the Belgian carrier through a capital increase of €65 million ($89.4 million) following regulatory clearance. It holds an option to buy the rest from 2011.

Subscribe to Access this Entire Article

"EC extends review of Lufthansa investment in Brussels Airlines parent" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.