Lufthansa to pull out of Ghana

Lufthansa has officially notified the Transport Ministry that it intends to pull out of Ghana.
From 1st October, 2015, the carrier will cease operations in Ghana.
The airline’s operations and routes in Ghana will now be taken over by Belgian carrier, Brussels Airlines, which Lufthansa has a stake in.
The move follows the restructuring of Lufthansa’s Africa’s operations as a result of its acquisition of Brussels Airlines among others. In June 2009, the European Commission granted regulatory approval for Lufthansa to acquire an initial 45 per cent stake in the parent company of Brussels Airlines.
Lufthansa simultaneously acquired an option to buy the remaining 55 per-cent stake in the Belgian carrier from 2011.
Brussels Airlines pulled out of Ghana two years ago. Brussels Airlines have also notified the Transport Ministry about its intentions to resume operations in Ghana.
According to the restructuring agreement, Lufthansa will now operate Brussels Airlines’ Nairobi – Brussels route, while Brussels Airlines will take over Lufthansa’s Accra –Frankfurt route.
Credit: Citi business

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