Austrian Airlines does not rule out inclusion of strategic partner - CEO

"Further developments will show whether [a strategic partnership] will be necessary, given that the general business environment has changed dramatically," Mr Oetsch told ORF.
 
"It's definitely time to reconsider certain standpoints in light of the new situation," Mr Oetsch stated, who has previously advocated a "stand alone" policy for the carrier, added.
 
Austrian Airlines' annual general meeting on 07-May-08 approved the terms of a capital increase that would allow the Saudi-Austrian financial investor, Sheikh Mohammed Bin Issa Al Jaber, to take a 20% stake in the carrier.
 
However, Al Jaber has informed the carrier's principal shareholder, the Austrian state industrial holding OIAG, that he now seeks a blocking minority of 25% in exchange for his planned EUR150 million investment, according to the Viennese newspaper, Die Presse.

Date posted: 12-May-08 

Other Austrian Airlines News

• Remaining minority shareholders of Austrian Airlines to receive 0.50 euros per share
• Austrian: Peter Malanik is voted onto AEA Presidents’ Committee
• TAM signs agreement with Austrian Airlines
• Austrian Airlines management and works councils agree time-limited savings package
• Austrian Airlines enhances efficiency and service with IT from Lufthansa Systems
• Austrian Airlines reports Jan - Apr-2009 traffic results
• Austrian expands route network
• Austrian Airlines and Vienna Airport reach successful negotioations to safeguard location
• Austrian Airlines Group passenger volume reduction
• Austrian Airlines releases statement in regards to Lufthansa bid