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Lufthansa, Brussels Air to detail future together

Mon Sep 15, 2008 4:40am EDT

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FRANKFURT/BRUSSELS, Sept 15 (Reuters) - Deutsche Lufthansa (LHAG.DE) and Brussels Airlines will give details later on Monday about their joint plans after the German carrier said in late August it wanted to buy a stake in the fledgling carrier.

SN Airholding President Viscount Etienne Davignon and Lufthansa Chief Executive Wolfgang Mayrhuber will hold a joint news conference at the Belgium carrier's offices at 1415 GMT, the airlines said in a statement.

"It is about our future together," a spokesman for Brussels Airlines said. A spokeswoman for Lufthansa declined to comment on the reason for the news conference.

Lufthansa said on Aug. 28 it planned to pay 65 million euros ($91 million) for a 45 percent stake in Brussels Airlines with the option to buy all of the company in two years. Brussels Airlines is 70 percent owned by Belgian companies and 30 percent by British entrepreneur Richard Branson's budget carrier, Virgin Express.

It was created in 2004 by merging Virgin Express and SN Brussels Airlines, the successor of the country's state airline Sabena. (Reporting by James Regan and Philip Blenkinsop; Editing by David Holmes)



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