German airline Lufthansa has moved to take over the Belgian carrier Brussels Airlines.
In a statement, Lufthansa said it would initially buy a 45-percent stake in SN Airholding, which Pilot Strike Leaves European Passengers Stranded ...
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Airlines fined $504m in US probe ... owns the Belgian airline. It said the deal would give the German carrier the option of buying the remaining shares from 2011 for a price not exceeding 250 million euros. Brussels Airlines is an offshoot of the bankrupt state-owned carrier Sabena. Meanwhile, four of the nine unions representing staff of the struggling Italian airline Alitalia have signed a draft deal which could prevent the carrier's collapse. The rescue would have investors buying profitable assets and investing 1 billion euros. However, it also envisages wage cuts and lay-offs that are opposed by unions representing pilots and flight attendants. Talks between union and government officials are to continue for a second night on Monday.
(Deutsche Welle)
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