The remaining 55% is expected to be acquired in early 2017. Subsequently, this carrier with around 50 jets will be fully consolidated whereas it was consolidated at equity in the past. The contribution was a negative €10m in 2014 and a positive €15m in 2015. The book value in Lufthansa’s accounts was zero at the end of the last two fiscal years. These activities will be integrated into Eurowings, Lufthansa’s budget airline. As Eurowings will also lease some 40 jets and c
29 Sep 2016
Lufthansa acquires remaining majority stake in Brussels Airlines
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Lufthansa acquires remaining majority stake in Brussels Airlines
Deutsche Lufthansa AG (LHA:WBO) | 0 0 (-0.3%) | Mkt Cap: 12,564m
- Published:
29 Sep 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The remaining 55% is expected to be acquired in early 2017. Subsequently, this carrier with around 50 jets will be fully consolidated whereas it was consolidated at equity in the past. The contribution was a negative €10m in 2014 and a positive €15m in 2015. The book value in Lufthansa’s accounts was zero at the end of the last two fiscal years. These activities will be integrated into Eurowings, Lufthansa’s budget airline. As Eurowings will also lease some 40 jets and c