Austrian Airlines welcomes political agreement

“We welcome the agreement reached as the basis of a privatisation contract, and thereby a strategic partnership for the future. Under the present difficult circumstances, a strategic partnership is the best way forward for Austrian Airlines and its 8,000 employees. With this decision, the politicians have proved that they place their responsibility for maintaining Austria as a business location above electoral interests."

The procedure from this point onwards is incumbent upon majority shareholder, ÖIAG, once the privatisation contract has been granted. This is expected to happen on 12-Aug-08.

(c) Centre for Asia Pacific Aviation. Date posted: 06-Aug-08
 

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