Austrian Airlines News
26-Oct-2009
AUSTRIA :
The Executive Board of Austrian Airlines AG and the majority shareholder in Austrian Airlines, LH sterreichische Luftverkehrs-Holding-GmbH (LH), have jointly agreed on appropriate cash compensation of 0.50 euros per share in a squeeze out of the remaining shareholders of Austrian Airlines.
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20-Oct-2009
AUSTRIA :
The AEA is the most important lobby group representing the interests of the European aviation industry
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07-Oct-2009
AUSTRIA :
Members of the TAM Fidelidade program will be able to accumulate and redeem points in any flight operated by Austrian Airlines.
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16-Jul-2009
AUSTRIA :
The management of the Austrian Airlines Group (16-Jul-09) agreed a time-limited package of saving measures with all the Works Councils designed to help improve the competitiveness of the company.
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24-Jun-2009
AUSTRIA :
Lufthansa Systems has successfully completed the implementation of the GroundSolutions/Mobile check-in solution at Austrian Airlines (AUA). The ability to check-in quickly and easily via mobile phone will improve passenger comfort and reduce passenger handling costs for the airline. The GroundSolutions/Mobile module is an important component of the GroundSolutions platform from Lufthansa Systems, which covers all modern check-in channels.
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19-May-2009
AUSTRIA :
The April traffic figures of the Austrian Airlines Group continue to reflect the global economic crisis. Due to the sharply reduced demand for flights, the company carried a total of 795,500 passengers in April, -12.7% fewer than in comparison with the strong month of Apr-2008.
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05-May-2009
AUSTRIA :
The Austrian Airlines Group is continuing to expand its route network into the Middle East the airline launched a scheduled service to Amman which will operate three times a week from Vienna. The capital of the Kingdom of Jordan is a highly popular destination for tourists and business travellers alike, and flights there will operate using an Airbus A320 equipped with Austrian Premium Service. Every amenity required to create a comfortable and relaxed travel experience will be provided in the Business Class section of the aircraft, giving passengers the opportunity to enjoy a unique mix of Austrian hospitality and Oriental flair.
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23-Apr-2009
AUSTRIA :
Following intensive negotiations between Austrian Airlines and Flughafen Wien (Vienna Airport), it proved possible (22-Apr-09) to decide on concrete solutions designed to improve the competitiveness of Vienna as a business location: in the spirit of lived system partnership, the two sides agreed to actively increase their synergies through mutual efforts.
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.
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17-Apr-2009
AUSTRIA :
The traffic figures of the Austrian Airlines Group in the first quarter of the year were marked by the highly challenging conditions produced by the wider global economic crisis. In addition to the fact that demand is traditionally weak in the first quarter of the year in the airline sector, the economic downturn meant that levels of demand for flights were sharply lower.
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08-Apr-2009
AUSTRIA :
On the occasion of the announcement that the syndicate partners have accepted the takeover bid of Lufthansa, Members of the Austrian Executive Board Dr. Andreas Bierwirth and Dr. Peter Malanik issued (07-Apr-09) the following statement:
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06-Apr-2009
AUSTRIA :
The ongoing negotiations over a package of measures for cabin staff of the Austrian Airlines Group (i.e. the Flight Operations Divisions of Austrian and Tyrolean) succeeded in reaching an agreement on 02-Apr-09.
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30-Mar-2009
AUSTRIA :
On 27-Mar-09, the first Austrian Boeing B767 (OE-LAE) to undergo a successful conversion to ‘winglets’ in the USA returned to Austria. Winglets are upturned ends on the tips of the wings of passenger aircraft which improve its aerodynamics.
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16-Mar-2009
AUSTRIA :
Summarising the position of the company over the past twelve months, member of the Austrian Executive Board, Dr. Peter Malanik made the following statement (13-Mar-09): “2008 was an extraordinarily difficult year for the Austrian Airlines Group.
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16-Mar-2009
AUSTRIA :
The Management Board of Austrian Airlines AG recommends that the shareholders accept the Takeover Offer of Deutsche Lufthansa AG. The Supervisory Board agrees with the statement of the Management Board on the Voluntary Public Takeover Offer.
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12-Mar-2009
AUSTRIA :
In the current negotiations between the Austrian Airlines management board, the unions GPA-djp and vida and also the Austrian Airlines Works Council for Commercial and Technical Personnel an important agreement concerning short-time working for the employees in this field has been achieved.
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11-Mar-2009
AUSTRIA :
The Austrian Airlines Group once again achieved exceptional figures in its punctuality and flight reliability in 2008: compared to all AEA (Association of European Airlines) member airlines, the ‘red-white-red’ carrier took leading placings in all segments, and was judged to have performed far better than many other renowned airlines.
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06-Mar-2009
AUSTRIA :
In Feb-09, the Austrian Airlines Group received a highly regarded confirmation from the International Air Transport Association (IATA): Austrian Airlines and also Tyrolean Airways successfully completed the strictly controlled cyclical IOSA - audit. This demonstrated that the carriers of the Group - Austrian Airlines, Tyrolean Airways - were still committed to adhering to the high globally-accepted international safety standards.
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18-Feb-2009
AUSTRIA :
In total, the Austrian Airlines Group carried some 632,000 passengers in January (scheduled and charter), 13.0% fewer than January last year. The overall load factor stood at 65.4%, 4.3 percentage points below the figure for Jan-08.
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11-Feb-2009
AUSTRIA :
Austrian Airlines’ Supervisory Board appointed (10-Feb-09) Dr. Peter Malanik and Dr. Andreas Bierwirth as members of the Board of Management with equal rights.
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06-Feb-2009
AUSTRIA :
Austrian Airlines stated The Ground Staff Works Council has now agreed to the crisis package, and given its consent to a range of measures and savings amongst the members of the ground staff of Tyrolean, who number approximately 600.
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02-Feb-2009
AUSTRIA :
Dr. Peter Malanik, COO and Board Member, made the statement on the current situation: “The global economic crisis has now reached all markets, demand is collapsing and the outlook offers very little reason to be optimistic. The International Air Transport Association (IATA) is now forecasting double-digit falls in bookings.”
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30-Jan-2009
AUSTRIA :
Alfred Otsch, Chief Executive Officer of Austrian Airlines AG since 01-May-06, will be resigning his mandate as of 31-Jan-09. Subject to the consent of the Supervisory Board, his duties on the Board of Management will be taken over by the COO Dr. Peter Malanik and CCO Dr. Andreas Bierwirth.
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20-Jan-2009
AUSTRIA :
The Commission has decided (19-Jan-09) to authorise rescue aid for the Austrian flag carrier. The aid will be in the form of a guarantee on a loan facility worth some EUR 200 million to keep the company operating until the Commission can take a position on another issue involving possible State aid linked to its privatisation.
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15-Jan-2009
AUSTRIA :
A new Austrian airlines business-lounge was opened (13-Jan-09) at Domodedovo International Airport. The spacious (470 sqm) lounge is situated on the second floor of the International Airlines Gallery and has a capacity of 74 seats.
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08-Jan-2009
AUSTRIA :
Austrian Airlines is expanding its flight schedule from Vienna to Dubai. From 01Mar-09, the airline will be using a Boeing 767 with 235 seats on more than half its flights to the Emirate. Until now, Dubai has been connected to the company’s Vienna hub by medium-haul aircraft.
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05-Jan-2009
AUSTRIA :
The Supervisory Board of OIAG gave (05-Jan-08) a green light to the sale to Lufthansa of OIAG's 41.56% share in Austrian Airlines. The signing of the contract took place after a meeting of the Supervisory Board of OIAG.
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23-Dec-2008
AUSTRIA :
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.
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12-Dec-2008
AUSTRIA :
The route to Tel Aviv is amongst the routes in the Austrian route network distinguished by a very high load factor of more than 80% and strong demand. Austrian Airlines is therefore planning to expand seating capacity to Tel Aviv by 30% from May-09 onwards.
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08-Dec-2008
AUSTRIA :
The Supervisory Board of OIAG gave approval to the sale to Lufthansa of OIAG’s 41.56% share in Austrian Airlines. The signing of the contract took place after a meeting of the Supervisory Board of OIAG.
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01-Dec-2008
AUSTRIA :
Against the background of the ongoing negative economic forecasts and their effects on medium-term planning, current result forecasts in the fourth quarter - and therefore in the annual statement of accounts - suggest that additional negative one-off effects will have to be taken into account in 2008.
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14-Nov-2008
AUSTRIA :
Lufthansa Systems has implemented (13-Nov-08) a further 90 e-ticket interlining connections for Austrian Airlines. The Austrian carrier has been using the e-ticket interlining solution from Lufthansa Systems since 2005.
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14-Nov-2008
AUSTRIA :
As of 15-Nov-08, the responsibility for Corporate Subsidiaries and Investor Relations will pass to the Corporate Finance Officer, Heinz Lachinger. By taking this step, the Austrian Airlines Board of Management is factoring in the close linkage between the core financial divisions of Corporate Subsidiaries and Investor Relations.
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05-Nov-2008
AUSTRIA :
Austrian Cargo has chosen IBS’ iCargo to replace its legacy cargo management system as well as its cargo revenue accounting system. As a result of this long term deal, iCargo will enable Austrian Cargo’s business growth in the next decade by providing a single efficient IT solution for its current and future business needs.
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29-Oct-2008
AUSTRIA :
Austrian Airlines is to cease operating its service to the Indian city of Mumbai (Bombay) from 01-Mar-09 onwards. As a result of overcapacity between European airports and the city in southwestern India, the weakening Indian economy and the consequences of the crisis in European financial markets, it is no longer possible to operate this route profitably in the medium term.
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29-Oct-2008
AUSTRIA :
S7 Airlines has successfully completed the International Air Transport Association (IATA) Operational Safety Audit (IOSA)*, extending the certificate that it obtained in Sep-07 to 2010. The second IOSA audit, conducted by the officially accredited IATA organisation ARGUS/PROS, was completed at S7 Airlines in Oct-08 and consisted of two stages: an initial assessment of the state of safety and the company’s preparedness for the audit and the main audit of the state of operational safety.
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28-Oct-2008
AUSTRIA :
In the sales process for Austrian Airlines, concepts have been submitted. However, these include a demand for a subsidy to strengthen the financial base of AUA, which OIAG itself cannot pay due to the lack of a legal basis. For this reason, it has not yet been possible to reach a decision regarding the sale of Austrian Airlines.
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27-Oct-2008
AUSTRIA :
The fuel surcharge for Austrian Airlines short- and medium haul scheduled flights, which account for the majority of the Austrian Airlines Group traffic, is reduced by EUR 3.00 from EUR 27 to EUR 24. The surcharges for long-haul flights remain unchanged at EUR 98.
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22-Oct-2008
AUSTRIA :
From 06-May-09 onwards, the company will incorporate another destination into its regional flight schedule, with four new flights a week to Amman, capital of the Kingdom of Jordan. Flights on the new route will operate using an Airbus A320 featuring Austrian Premium Service.
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17-Oct-2008
AUSTRIA :
The current economic downturn has already led to declines in bookings as of the start of the 4th quarter. Noticeable consequences for the aviation industry due to the general financial and economic crisis are also expected for the coming months.
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08-Oct-2008
AUSTRIA :
Following intensive negotiations, an agreement was achieved: the salaries of the approximately 3,500 commercial-technical employees will be increased by a basic rate of EUR 10 and by 3.7% as of 01-Nov-08.
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25-Sep-2008
AUSTRIA :
Austrian cargo and Ukraine International have passed another milestone in the expansion of their air cargo connection between Vienna and Kiev. A Boeing 737-300SF cargo-only aircraft put into service recently by the Ukrainian carrier begins operating the route immediately.
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17-Sep-2008
AUSTRIA :
Following expiry of the purchase deadline of the rights offer in Austria of up to 57,120,000 new unit shares made out in the name of the holder, Austrian Airlines AG is announcing the conclusion of its capital increase.
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16-Sep-2008
AUSTRIA :
By carrying an approximate total of 7.3 million passengers (scheduled and charter), the Austrian Airlines Group produced an increase of 0.7% in the period from January to August.
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08-Sep-2008
AUSTRIA :
Bombardier Aerospace announced that Austrian Airlines has signed a contract to acquire four Q400 NextGen turboprop airliners. The airline has also taken options on an additional two aircraft.
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25-Aug-2008
AUSTRIA :
Based on the resolutions passed by the Ordinary Annual Shareholders´ Meeting of Austrian Airlines AG on 7-May-08, after the entry of these resolutions in the Commercial Register and the withdrawal of all legal challenges, the company will launch the capital increase by issuing up to 57,120,000 new bearer shares.
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13-Aug-2008
AUSTRIA :
Austrian Government reportedly plans to publish an official tender for the sale of part of its 42.75% stake in Austrian Airlines. Austrian Finance Minister, Wilhelm Molterer, stated the Cabinet cleared the airline on 12-Aug-08 to to look for a partner.
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06-Aug-2008
AUSTRIA :
Austrian Airlines Chief Executive Officer, Alfred tsch, expressed the following initial opinion regarding today’s decision:
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31-Jul-2008
AUSTRIA :
(XFN-ASIA) Russian airline Aeroflot, once considered a likely contender for an Austrian government stake in Austrian Airlines, will not place a bid, the Russian carrier's spokeswoman said on Wednesday.
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30-Jul-2008
AUSTRIA :
(XFN-ASIA) Austrian Airlines' Chairman said the Austrian government should sell its entire 43% stake in the carrier and urged a quick decision about the privatisation to avoid drastic cost cuts.
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29-Jul-2008
AUSTRIA :
(XFN-ASIA) High level managers of state owned Chinese aviation company Air China held talks with bankers and politicians in Vienna discussing the option of taking a stake in Austrian Airlines, Financial Times Deutschland reported, citing no sources.
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29-Jul-2008
AUSTRIA :
The project to assess the strategic options for Austrian Airlines AG was initiated by the Management Board with the assistance of Boston Consulting Group (BCG) on 09-Jun.
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29-Jul-2008
AUSTRIA :
Despite the increasing challenging market environment an expected positive development of the financial performance was seen in the second quarter 2008 compared with the first quarter.
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28-Jul-2008
AUSTRIA :
(XFN-ASIA) Boston Consulting Group will recommend Germany's Lufthansa as the best strategic partner for Austrian Airlines AG when it presents the results of a study to the latter's board, daily Die Presse reported.
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23-Jul-2008
AUSTRIA :
Austrian is launching another service upgrade for passengers on all long-haul flights. The new feel-good programme for all the senses offers passengers that “little bit extra” service on flights to Bangkok, Tokyo, Beijing, Toronto, Washington, New York, Chicago (until 26-Oct), Delhi, Mumbai and Malé (from 05-Nov).
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17-Jul-2008
AUSTRIA :
Against the background of the current crisis in aviation, high kerosene prices and reduced demand, the Austrian Airlines Group is evaluating a series of measures designed to optimise its own production.
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16-Jul-2008
AUSTRIA :
Chief Executive Officer Alfred tsch said the following about the current traffic result: “We achieved a passenger record of more than 5.2 million passengers carried in the first half-year, and also held the passenger load factor overall stable at 74.0% despite the challenging surrounding conditions.
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15-Jul-2008
AUSTRIA :
A new era dawns for all Austrian Business Class passengers on flights to the Middle East and Central Asia on 15-Jul-08: this is when the Austrian Premium Service, which combines Austrian hospitality with Oriental flair, is to be used for the very first time on flights to Damascus and Astana, capital of Kazakhstan.
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11-Jul-2008
AUSTRIA :
Against the background of the current crisis in the aviation industry, high kerosene prices and reduced demand, the Austrian Airlines Group is evaluating a series of measures designed to optimise its own production.
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11-Jul-2008
AUSTRIA :
Due to the rising kerosene purchase price, the Austrian Airlines Group is increasing its fuel surcharge for short- and medium-haul flights from the current level of EUR 24 to EUR 27.
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08-Jul-2008
AUSTRIA :
Austrian Airlines is currently hedging approx. 20% of its annual kerosene requirement with forward contracts. With this hedging programme, Austrian Airlines is achieving risk management and a smoothing of the kerosene costs.
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02-Jul-2008
AUSTRIA :
Austrian Government has reportedly appointed Merrill Lynch & Co to advise on a possible sale of Austrian Airlines.
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30-Jun-2008
AUSTRIA :
Executive Vice President of Technical Department Walter Hechenberger, is switching to a large, rapidly expanding airline where he will assume a managerial position.
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27-Jun-2008
AUSTRIA :
Austrian Airlines stated it has done everything within its power to reach a solution by way of negotiation with Sheikh Al Jaber.
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26-Jun-2008
AUSTRIA :
The Supervisory Board of Austrian Airlines AG was informed about the progress of the ongoing Strategic Options project.
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17-Jun-2008
AUSTRIA :
The Austrian Airlines Group achieved passenger growth of 6.4% in May 2008 in the scheduled segment and a load factor of 75.1%, an increase of 2.3 ppts year-on-year. Due to the numerous national holidays in May this year, some of which fell in June last year, the scheduled segment tended to be driven by tourist rather than business traffic in May 2008. Around 983,400 passengers were carried in May overall (scheduled and charter segments), a 4.1% increase on last year, with the total load factor also rising in May to 75.0%, 2.5 ppts more than in May 2007.
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16-Jun-2008
AUSTRIA :
Austrian Airlines Group announced it is increasing its fuel surcharge for short- and medium-haul flights from the current level of EUR21 to EUR24. Fuel surcharges on long-haul routes are also increased, from EUR82 to EUR92. These new charges apply to all tickets for scheduled flights operated by the Austrian Airlines Group sold or issued from 18-Jun-08 onwards.
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11-Jun-2008
AUSTRIA :
(XFN Asia) Austrian Airlines AG, at its 09-Jun-08 board meeting, stated it expects to post a net loss of between EUR70 and EUR90 million in FY2008 due to the high price of oil. The meeting also launched a strategic review aimed at improving Austrian Airlines’ earnings potential via restructuring, as well as considering prospects for a strategic partnership.
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20-May-2008
AUSTRIA :
Austrian Airlines Group reports (19-May-08) the following traffic highlights in Apr-08:
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14-May-2008
AUSTRIA :
Austrian Airlines Group announced (13-May-08) plans to increase fuel surcharges, effective 20-May-08. Details include:
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14-May-2008
AUSTRIA :
Austrian Airlines stated it has consulted its lawyers after talks collapsed with Saudi Arabian investor, Sheikh Mohamed Bin Issa al Jaber (Reuters, 13-May-08). According to Austrian Government-controlled OIAG, which has a 42.75% stake in Austrian Airlines, the talks collapsed as Jaber imposed “impossible conditions” on the agreement.
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14-May-2008
AUSTRIA :
The Austrian Airlines Group announced it is increasing its fuel surcharge for short- and medium-haul flights from the current level of EUR17 to EUR21. Fuel surcharges on long-haul routes will also be increased, from EUR77 to EUR82. These new charges apply to all tickets for flights operated by the Austrian Airlines Group sold or issued from 20-May-08 onwards.
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13-May-2008
AUSTRIA :
Austrian Airlines confirmed talks have collapsed with Saudi Arabian investor, Sheikh Mohamed Bin Issa Al Jaber (AFP, 13-May-08). Al Jaber was planning to take a 20% stake in the airline via a capital increase at EUR7.10/share, equating to an investment of EUR150 million.
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12-May-2008
AUSTRIA :
(XFN Asia) Austrian Airlines’ pursuit of a financial investor does not exclude the possibility of a strategic partnership with another carrier in the future, CEO, Alfred Oetsch, told the Austrian state broadcaster, ORF, in a radio interview.
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09-May-2008
AUSTRIA :
Austrian Finance Minister, Wilhelm Molterer, stated Austrian Airlines should remain an independent carrier (Reuters, 08-May-08). Saudi-Austrian investor, Sheikh Mohamed Bin Issa al Jaber, was to take a 20% stake in the airline via a capital increase at EUR7.10/share, equating to an investment of EUR150 million.
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01-May-2008
AUSTRIA :
Austrian Airlines announced that at the Ordinary Meeting of Shareholders, to be held on 07-May-08, a new member nominated by investor, Al Jaber, will be elected into the Supervisory Board of Austrian Airlines AG. The new man on the Supervisory Board will be, Herr Klaus Edelhauser.
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21-Apr-2008
AUSTRIA :
BBA Aviation Engine Repair and Overhaul Company, Dallas Airmotive, has signed an exclusive, long-term maintenance contract with Austrian Airlines for maintenance, repair and overhaul of the airline’s Rolls-Royce Tay engines.
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17-Apr-2008
AUSTRIA :
Commenting on the latest traffic results, Austrian Airlines’ Chief Executive Officer, Alfred tsch, said the following “Even in the traditionally weak first quarter, we were able to achieve an increase of 2.0%, taking us to an approximate total of 2.3 million passengers carried. This strong traffic result is based first and foremost on continuing strong growth in the short- and medium-haul segment, above all in the Focus East regions, where we succeeded in recording a 7% increase in passenger volume in the first quarter of 2008.
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04-Apr-2008
AUSTRIA :
Austrian Airlines announced plans to open its first Customer Service Centre in L’viv at the end of Apr-08. The announcement reinforces Austrian Airlines’ emphasis on expansion of its Focus East strategy.
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03-Apr-2008
AUSTRIA :
Austrian Airlines celebrated its 50th year of operations on 31-Mar-08. To celebrate the occasion of the 50th anniversary of the first Austrian Airlines scheduled flight, the company has launched services using one of its aircraft in a design dating back to the 1950s. The Austrian Airbus A320 now appears in the same design as the first aircraft ever flown by Austrian Airlines, the Vickers Viscount 779 from Vienna to London, from 1958.
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27-Mar-2008
AUSTRIA :
Austrian Airlines announced it is expanding its services in the Summer Schedule 2008, effective from 30-Mar-08, with the addition of five new routes to the cities of Sochi and Nizhny Novgorod in Russia, Riyadh and Jeddah in Saudi Arabia, and Baia Mare in Romania. The route network expansion will be complemented by frequency increases to 39 existing destinations in the short-, medium- and long-haul routes.
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