The Lufthansa supervisory board has given the green light to the purchase of the remaining 55 per cent of SN Airholding – the parent company of Brussels Airlines.

This full acquisition will be acquired through an exercise of call option and the German carrier says the transaction will be concluded at the beginning of 2017.

The board of Lufthansa gave the thumbs up to exercise a call option to acquire the remaining 55 per cent of shares at a meeting today, paving the way for Lufthansa to take total control of Brussels Airlines.

Lufthansa explains: “It remains the common objective of Lufthansa and Brussels Airlines to conduct the full acquisition of SN Airholding by Deutsche Lufthansa AG after the final agreement on the modalities of the exercise of the call option with the SN Airholding shareholders by the end of this year, and to conclude the transaction at the beginning of 2017.”