9-Oct-2012 12:11 PM

Lufthansa willing to provide EUR100m to Brussels Airlines: report

Brussels Airlines CEO Bernard Gustin and chairman Etienne Daviginon requested staff to be more flexible as it seeks to improve its financial situation, according to a tijd.be report. The carrier also said Lufthansa is willing to provide EUR100 million in support for the carrier, providing there are signs of productivity improvements. The carrier also noted that high fuel costs and the weaker euro has cost the carrier EUR46 million more in 2012 than in 2011, with wage indexation costing EUR15 million, resulting in an expected widened loss in 2012. Lufthansa has a 45% ownership position in Brussels Airlines and has the option to acquire the remaining 55%.

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