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Lufthansa board approves plans to grow Eurowings

Lufthansa airplanes at waiting position on the first of a two-day strike at Frankfurt Airport on November 23, 2016 in Frankfurt, Germany.
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Lufthansa's supervisory board has approved plans by the airline to invest in up to 61 additional planes for its Eurowings budget arm, seeking to fill the gap left by insolvent German rival Air Berlin.

The investment in purchasing and leasing 41 A320 single aisle jets and 20 Bombardier Dash 8 Q400 planes will total around 1 billion euros ($1.2 billion) and is partly dependent on a successful conclusion of talks to take over assets from Air Berlin, Lufthansa said on Tuesday.