Austrian Airlines and Vienna Airport reach successful negotioations to safeguard location

Tras varias negociaciones llevadas a cabo entre Austrian Airlines y Flughafen Wien (Aeropuerto de Viena), se acaba de aprobar posibles (22 Abr 09) soluciones concretas destinadas a mejorar la competitividad de la ciudad de Viena como centro de negocio. Ambas parte acordaron unir sus fuerzas para hacer este proyecto realidad.

The transfer incentives applicable to all airlines, which Flughafen Wien will raise by EUR1.00 to a total of EUR10.21 for a period of 12 months from 01-Jul-09 onwards, will create more competitive framework conditions for Austrian Airlines.

By restructuring its fares and extending fare formulas until 2012, Flughafen Wien is creating internationally comparable framework conditions with regard to its cost structure. This will enable Austrian to reduce its costs in the medium term, improving its chances of achieving sustainable cost cuts by 2012. In return, Austrian Airlines has extended by another three years the handling contract which entrusts Flughafen Wien with handling all flights operated by the Group. The contract, which was due to expire this year, will now run until 2012.

Austrian’s Chief Operations Officer Dr. Peter Malanik and Chief Commercial Officer Dr. Andreas Bierwirth are satisfied they were with the agreement: “In recent weeks, we have successfully implemented a wide range of internal measures, including short-time working and temporary salary waiver amongst staff, as well as an efficiency programme, in order to achieve our savings target of EUR 225 million. We are very satisfied with the agreement that we have achieved today with Flughafen Wien. By implementing the agreed package of measures, Flughafen Wien is improving the competitiveness of our Vienna hub, thereby supporting Austrian Airlines’ efforts to build a successful future as its premier system partner. We expect to see similarly positive results from the talks with the other system partners, since it is only in this way that we can safeguard the value of Vienna as a business location.

(c) Centre for Asia Pacific Aviation. Date posted: 23-Apr-09

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