AIRLINE NEWS
Friday, August 29, 2008
Turkish Airlines interested in Austrian Airlines stake
Turkish Airlines (THY) said Wednesday that it was interested in buying a stake in troubled Austrian flag carrier Austrian Airlines (AUA).
THY is the third company to officially do so after leading German airline Lufthansa and Russia's number two carrier S7.
The airline contacted the relevant authorities "regarding our interest in the privatization tender of Austrian Airlines," THY said in a statement sent to the Istanbul stock exchange.
According to the Austrian daily Oesterreich, a total of six airlines, including Air France-KLM, are in the running to buy the 42.75-percent AUA stake, currently held by the state-owned holding company OeIAG.
OeIAG has until the end of the year to find a partner for AUA, which has nearly 900 million euros (1.4 billion dollars) of debt and lost 48.7 million euros (72 million dollars) in the first six months of 2008.
The Austrian government agreed AUA could be fully privatised on condition that a blocking minority stake of 25 percent plus one share remain in Austrian hands. Most of the airline's shares are currently held by private investors.
Source: news.google.com
THY is the third company to officially do so after leading German airline Lufthansa and Russia's number two carrier S7.
The airline contacted the relevant authorities "regarding our interest in the privatization tender of Austrian Airlines," THY said in a statement sent to the Istanbul stock exchange.
According to the Austrian daily Oesterreich, a total of six airlines, including Air France-KLM, are in the running to buy the 42.75-percent AUA stake, currently held by the state-owned holding company OeIAG.
OeIAG has until the end of the year to find a partner for AUA, which has nearly 900 million euros (1.4 billion dollars) of debt and lost 48.7 million euros (72 million dollars) in the first six months of 2008.
The Austrian government agreed AUA could be fully privatised on condition that a blocking minority stake of 25 percent plus one share remain in Austrian hands. Most of the airline's shares are currently held by private investors.
Source: news.google.com
Labels: austrian airlines, turkish airlines
Tuesday, June 17, 2008
Lufthansa-no talks with Austrian Airlines owner
Lufthansa has not had any talks with the state owner of Austrian Airlines about buying a stake, Lufthansa Chief Executive Wolfgang Mayrhuber said on Monday.
He added that a deal between the two - both already members of the Star Alliance - would bring little in the way of synergies.
Source: reuters.com
He added that a deal between the two - both already members of the Star Alliance - would bring little in the way of synergies.
Source: reuters.com
Labels: austrian airlines, lufthansa
Saturday, June 07, 2008
Aeroflot says interested in Austrian Airlines
Russian airline Aeroflot confirmed on Friday it could be interested in taking a stake in Austrian carrier Austrian Airlines.
"We are studying the situation at Austrian Airlines and are looking at what happens," Valery Okulov told Austrian magazine Format. "We have experience of overhauling airlines."
The Russian airline has previously said it is interested in buying European rivals.
"Okulov said yes, we are interested. But there are no practical consequences to that yet," Lev Koshlyakov, Aeroflot's deputy general director, told Reuters.
German airline Deutsche Lufthansa said last month it was also interested and Chief Executive Wolfgang Mayrhuber told Format an approach would depend on the owners of Austrian Airlines. The Austrian state holds a stake of some 43 percent.
"(Any move) must be friendly," he said. "It must make sense for both sides. But it's not our decision if talks are to take place with Austrian Airlines or not."
The magazine also quoted Air France Chief Executive Jean-Cyril Spinetta as saying he was "observing the situation" at Austrian Airlines. However, he added that Italy's Alitalia had priority for the French company.
On Monday, Spinetta did not rule out restarting talks over a possible takeover of Alitalia, but said they would be difficult. It was not clear when he had spoken to Format. No one at the magazine could immediately be reached for clarification.
Aeroflot and Air France have both been reported previously as potential suitors for the Austrian company.
Source: reuters.com
"We are studying the situation at Austrian Airlines and are looking at what happens," Valery Okulov told Austrian magazine Format. "We have experience of overhauling airlines."
The Russian airline has previously said it is interested in buying European rivals.
"Okulov said yes, we are interested. But there are no practical consequences to that yet," Lev Koshlyakov, Aeroflot's deputy general director, told Reuters.
German airline Deutsche Lufthansa said last month it was also interested and Chief Executive Wolfgang Mayrhuber told Format an approach would depend on the owners of Austrian Airlines. The Austrian state holds a stake of some 43 percent.
"(Any move) must be friendly," he said. "It must make sense for both sides. But it's not our decision if talks are to take place with Austrian Airlines or not."
The magazine also quoted Air France Chief Executive Jean-Cyril Spinetta as saying he was "observing the situation" at Austrian Airlines. However, he added that Italy's Alitalia had priority for the French company.
On Monday, Spinetta did not rule out restarting talks over a possible takeover of Alitalia, but said they would be difficult. It was not clear when he had spoken to Format. No one at the magazine could immediately be reached for clarification.
Aeroflot and Air France have both been reported previously as potential suitors for the Austrian company.
Source: reuters.com
Labels: Aeroflot, austrian airlines, takeover
Wednesday, May 07, 2008
Lufthansa Would Look at Austrian Airlines If Offered
Deutsche Lufthansa AG, Europe's second biggest airline, said it would consider buying a stake in Austrian Airlines Group in the event an opportunity arises, though the carriers aren't in talks.
bloomberg.com
bloomberg.com
Labels: austrian airlines, lufthansa
Monday, August 27, 2007
Austrian Airlines halts flights to Iraqi city of Irbil, citing security concerns
Austrian Airlines said Sunday it has suspended service to the northern Iraqi city of Irbil because of security concerns.
nytimes.com
nytimes.com
Labels: austrian airlines, iraq
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