Cape Town — Qatar Airways and the parent of British Airways are setting up a revenue-sharing business partnership.
Qatar Airways and BA parent International Airlines Group announced the deal Wednesday and said it will take effect on Sunday, 30 October.
The companies said the deal will allow them to cooperate on scheduling and ticket prices. Under the arrangement, the airlines will also share flight codes on all non-stop flights between Britain and the Qatari capital, Doha, as well as on many connecting flights in Europe, the Middle East, Asia and Africa.
The government-backed airline, Qatar Airways owns a large part of IAG (International Airlines Group) and raised its stake over the summer to just over 20%.
Besides BA, IAG controls Aer Lingus, Iberia and Vueling.
Lufthansa Supervisory Board approval of call option
According to Brussels Airlines, the Supervisory Board of Deutsche Lufthansa AG also approved the implementation of a call option to obtain the remaining 55% of shares of SN Airholding, which is the parent company of Brussels Airlines.
The approval allows for a 100% acquisition of Brussels Airlines by Lufthansa with the primary aim to close the transaction by the beginning of 2017.
The continuous negotiations between Lufthansa and Brussels Airlines is to maintain the essential attributes of Brussels Airlines and to ensure that there is growth in the airline’s activity by keeping the employment in Belgium.
While the brand of the company will continue to thrive as, ‘Brussels Airlines’, the business model will be based on both direct flights, as well as connecting flights via central hubs.
New discussions between Lufthansa, Brussels Airlines, the shareholders and all other parties involved are scheduled to take place during October.
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