Austrian Airlines secures bridge financing
23-Dec-2008 |
Airline Code [AUA]
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Tags :Continental Europe, Austrian Airlines, Lufthansa
A bridge financing has been arranged in the course of the negotiations between Lufthansa and OIAG to safeguard the business model of Austrian Airlines. This was approved by the Council of Ministers on 16-Dec-08; the notification process with the European Commission was initiated on 17-Dec-08.
The first drawdown was made on 22-Dec-08 , which Austrian Airlines is obliged to repay at standard market rates of interest.
(c) Centre for Asia Pacific Aviation. Date posted: 23-Dec-08
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Austrian Airlines secures bridge financing 
