Citi Business News has gathered German airline, Lufthansa has officially notified the transport ministry over moves to pull out of Ghana.
Lufthansa will from the first of October this year cease operations in Ghana.
The airline operations and routes in Ghana will now be taken over by Belgian carrier, Brussels airlines which Lufthansa has a stake in.
Citi Business News has learnt 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.
It will be recalled that Brussels airlines pulled out of Ghana some two years ago.
Citi Business News has learnt Brussels airlines have also notified the transport ministry over its intentions to resume operations in Ghana.
Per the restructuring agreement Lufthansa will now operate Brussels air’s Nairobi – Brussels route while Brussels air will take over Lufthansa’s Accra –Frankfurt route.
Source: Citifmonline.com
