23 June 2009

Settlement of dispute between Lufthansa and Sir Michael Bishop

Sir Michael Bishop and Deutsche Lufthansa AG have reached an out-of-court settlement of their dispute over the satisfaction of the conditions precedent in relation to a put option over the 50% plus 1 share in British Midland PLC (bmi). Under the terms of the compromise settlement, Sir Michael Bishop agrees that specific performance of the …

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European Commission approves tie-up between Lufthansa and Brussels Airlines

Green light for Lufthansa and Brussels Airlines: the European Commission has granted regulatory approval for the tie-up of the two airlines. The decision paves the way for Lufthansa to acquire an initial 45% stake in SN Airholding SA/NV, the parent company of Brussels Airlines. Clearance from the EU competition authority will also give Lufthansa an …

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