Lufthansa To Buy Major Stake In Austrian Airlines | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-12.01.25

AirborneNextGen-
12.02.25

Airborne-Unlimited-12.03.25

Airborne-FltTraining-12.04.25

AirborneUnlimited-12.05.25

AFE 2025 LIVE MOSAIC Town Hall (Archived): www.airborne-live.net

Mon, Dec 08, 2008

Lufthansa To Buy Major Stake In Austrian Airlines

Austrian State Holding Company Agrees To Sale

At a special board meeting on Friday, Austrian state holding company OeIAG voted to approve the sale and signed a 366,000 euro contract releasing its 41.56 percent stake in Austrian Airlines (AUA) to Lufthansa.

The contract provides for AUA to keep its long-distance routes, corporate name, and headquarters at the Vienna International Airport, where it is staffed with approximately 8,000 employees.

Lufthansa projects the merger will save the airlines nearly 80 million euros annually, Xinhua reported.

The new arrangement provides much-needed relief to the strapped AUA. Last July it announced estimated net losses of 70 million to 90 million euros for the year, adding to the 900 million in previous debts, which were partly due to huge increases in fuel costs.

With its partners Lauda Air and Austrian Arrows, AUA operates a fleet of 100 aircraft with 130 destinations worldwide.

FMI: www.austrianairlines.co.at/eng, www.lufthansa.com/online/portal/lh/us

Advertisement

More News

Aero-FAQ: Dave Juwel's Aviation Marketing Stories -- ITBOA BNITBOB

Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]

NTSB Prelim: Rutan Long-EZ

The Pilot Attempted Several Times To Restart The Engine And Diverted To Long Beach Airport/Daughtery Field On October 20, 2025, about 1603 Pacific daylight time, an experimental am>[...]

ANN's Daily Aero-Term (12.05.25): Hazardous Weather Information

Hazardous Weather Information Summary of significant meteorological information (SIGMET/WS), convective significant meteorological information (convective SIGMET/WST), urgent pilot>[...]

Aero-News: Quote of the Day (12.05.25)

"The latest development underscores the government of Malaysia’s commitment in providing closure to the families affected by this tragedy..." Source: From statements made by >[...]

Airborne-Flight Training 12.04.25: Ldg Fee Danger, Av Mental Health, PC-7 MKX

Also: IAE Acquires Diamond Trainers, Army Drones, FedEx Pilots Warning, DA62 MPP To Dresden Tech Uni The danger to the flight training industry and our future pilots is clear. Dona>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC