LH just bought SN
It is confirmed: LH bought 45% of SN.
SN / Brussels Airlines was a troubled carrier built from the ashes of Sabena. Most of its fleet is made out of leased aircraft, except for the 4 or 5 BAE Avro's they own.
SN managed to turn marginal earnings for 5 consecutive years, amounting to 10-20 million euros a year.
Many people were concerned about SN's survivability through this year as it has a very limited cash flow and the marginal earnings of the previous years could turn into huge losses due to the hundreds of millions higher fuel bill.
Furthermore, the new Low-cost terminal built at BRU for the purpose of attracting Easyjet could have had terrible consequences for a SN on its own.
LH announced plans to further develop SN and make it join Star Alliance.