Lufthansa to buy Swiss

Lufthansa will buy financially-troubled Swiss under a plan approved by the boards of the two airlines and shareholders representing more than 80% of the Swiss share capital. Lufthansa will initially acquire 11% in a newly-established Swiss company, AirTrust. This share will be increased to 49% once antitrust clearance has been received, then to 100% once air traffic rights have been secured. Swiss will continue operating under its own brand, but coordinate operations closely with the German airline. The combined group will have the world’s largest Avro RJ fleet. CityLine operates 18 Avro RJ85s (under the Lufthansa Regional brand), while Swiss flies four RJ85s and 15 RJ100s. In addition, Lufthansa subsidiaries Eurowings and Air Dolomiti both operate BAe 146s or will do so shortly.

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