Austrian Airlines News

Lufthansa Clears 75 Pct Hurdle In Austrian Takeover

May 12, 2009

Lufthansa said it was offered more than 85 percent of Austrian Airlines' shares in its tender offer, meeting one of the conditions it set for its takeover of the Austrian carrier.
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Lufthansa CEO Expects Go-Ahead For Austrian Deal

March 23, 2009

Lufthansa still expects the European Union will approve its planned takeover of Austrian Airlines without conditions, the German airline's chief executive Wolfgang Mayrhuber said at the weekend.
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Airlines Cut Costs, Ask When Crisis Will End

March 13, 2009

Scandinavia's leading airline SAS scrambled for cash, Austrian Airlines profits slumped and Finnish pilots and chefs were told to stay at home as global carriers served up economic gruel round the clock on Friday.
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Lufthansa Says No AUA Deal Without Full EU OK

February 27, 2009

Lufthansa would drop its offer to buy Austrian Airlines (AUA) if the European Union did not approve all the conditions, its chief executive said on Friday.
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Lufthansa Offer For Austrian To Run Until May 11

February 27, 2009

Lufthansa has formally submitted its takeover offer for Austrian Airlines at the announced price of 4.49 euros per share, with a May 11 deadline for acceptance, Lufthansa said on Friday.
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Austrian Air Moves Up Annual Meeting After Loss

February 19, 2009

Austrian Airlines, which is to be taken over by Lufthansa, moved up its annual public meeting by a month after piling up losses equivalent to half its share capital.
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Possible Outcomes Of Lufthansa/AUA EU Probe

February 13, 2009

Lufthansa's planned takeover of Austrian Airlines is facing tough scrutiny by the European Commission that some analysts say could derail the deal.
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Lufthansa Has No Plans To Change Austrian Offer

February 12, 2009

Lufthansa is not considering amending its offer for Austrian Airlines to appease the European Commission, which has questioned the price and planned restructuring of the deal.
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EU Probes Lufthansa Plan To Buy Austrian Air

February 11, 2009

The European Commission on Wednesday launched an investigation into Lufthansa's takeover of Austrian Airlines as it questioned the price and planned restructuring.
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AUA Could Become Insolvent If Lufthansa Blocked

February 6, 2009

Indebted Austrian Airlines (AUA) could become insolvent if a planned takeover by Lufthansa falls through, Austrian state holding company and key AUA shareholder OeIAG said on Thursday.
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