European Commission approves the Lufthansa Group’s acquisition of LGW – Luftfahrtgesellschaft Walter – Quantum Aviation | Airline Passengers & Cargo Sales and Charters

European Commission approves the Lufthansa Group’s acquisition of LGW – Luftfahrtgesellschaft Walter

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European Commission approves the Lufthansa Group’s acquisition of LGW – Luftfahrtgesellschaft Walter

Lufthansa Group made this announcement:

The European Commission gave its formal approval on December 21, 2017 to the acquisition of Luftfahrtgesellschaft Walter mbH (LGW) by the Lufthansa Group. The approval follows an extensive assessment of the planned transaction by the European Union’s competition authorities in their merger control capacity, after the Lufthansa Group concluded an agreement on October 13, 2017 to take over parts of the insolvent Air Berlin Group. The Lufthansa Group had made extensive concessions in advance of this approval.

 

All LGW personnel to be taken over

The acquisition of LGW will see 33 aircraft firmly added to the Eurowings Group fleet: 20 Bombardier DHC-8-400s (Q400s) (above) and 13 aircraft of the Airbus A320 family. All the employees of LGW will transfer to Eurowings with their current contracts of employment. With additional recruitments, the number of personnel in LGW’s flight operations should rise to up to 870 in 2018.

The formal transaction for the acquisition of LGW has been scheduled for January 2018.

Over the past few weeks, Eurowings has already hired over 500 employees, including a large number of pilots and flight attendants. By now, we have collective expansion agreements with all the unions ensuring that all flight operations of Eurowings, without exception, will be able to grow in the near term.