Yes, SWISS (Swiss International Air Lines) is a wholly-owned subsidiary of the Lufthansa Group. The acquisition process began in 2005 and was fully completed by July 2007. Following the collapse of the original "Swissair" in 2002, the newly formed SWISS initially struggled to remain independent before joining forces with the German aviation giant. Today, SWISS operates as a premium flag carrier under its own brand identity but shares extensive resources with its parent company, including the Miles & More loyalty program and joint procurement strategies. As part of the Lufthansa Group, it is also a member of the Star Alliance, frequently codesharing with other group members like Austrian Airlines and Brussels Airlines. While it retains a distinctly Swiss "hospitality and quality" brand, its strategic and financial direction is managed from Lufthansa's headquarters in Germany.