Austrian Airlines News

Austrian: Peter Malanik is voted onto AEA Presidents’ Committee

20-Oct-2009
AUSTRIA : The AEA is the most important lobby group representing the interests of the European aviation industry

Austrian Airlines management and works councils agree time-limited savings package

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.

Austrian expands route network

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.

Austrian Airlines Group passenger volume reduction

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.

Lufthansa submits public takeover offer to the shareholders of Austrian Airlines AG

02-Mar-2009
GERMANY : Lufthansa has submitted (27-Feb-09) a public takeover offer to the shareholders of Austrian Airlines AG through OLH Osterreichische Luftverkehrs-Holding-GmbH and offered EUR4.49 per share. The acceptance period for the bid starts on 02-Mar-09 and ends on 11-May-09. The bid price corresponds to the average weighted market price of the Austrian Airlines share over the six months preceding the announcement of the planned takeover bid; the period dates from 03-Jun-08 up to and including 02-Dec-08. The takeover offer of EUR4.49 per share is about 69% above the share price on 02-Dec-08 and about 30% above the closing price of the share on 26-Feb-09.

Air France-KLM lodges formal complaint with European Commission

12-Dec-2008
Air France-KLM lodged (11-Dec-08) a formal complaint with the European Commission regarding the conditions under which Lufthansa intends to takeover the Austrian flag carrier Austrian Airlines.

Lufthansa Board approves acquisition of Austrian Airlines

04-Dec-2008
GERMANY : Lufthansa will initially acquire the 41.56% share in Austrian Airlines AG held by Osterreichische Industrieholding AG (OIAG). This share package is to be acquired at a price of EUR 366,000. In addition to this, a debtor warrant will be arranged, of which Lufthansa will pay a sum of up to EUR 163million depending on Austrian Airlines’ economic performance and the Lufthansa share outperforming its competitors.

Austrian Airlines opens new business lounge at Moscow Domodedovo Airport

26-Nov-2008
Austrian Airlines opened (25-Nov-08) a new Business Lounge at Moscow Domodedovo Airport - almost 500 sqm of floor space serving lounge visitors from 2.00 to 6.00 a.m., 7.00 to 11.00 a.m. and 12.00 to 8.00 p.m. every day.

Turkish Airline unable to be included in tender of Austrian Airlines

12-Sep-2008
TURKEY : Turkish Airlines have announced previously that they have sent intention letter to participate in the tender of Austrian Airlines’ privatisation.

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