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Austrian Airlines becomes part of Lufthansa Group

Austrian Airlines becomes part of Lufthansa Group © ADVANTAGE AUSTRIA


6. August 2009

At the end of July an essential decision was taken regarding the future of Austrian Airlines. The EU Commission has reached an agreement with Lufthansa on the preconditions for approval of the takeover of the Austrian Airlines Group Austrian Airlines AG .

This means an important obstacle to the successful conclusion of the future partnership has been overcome. It is highly probable that the takeover will be formally confirmed by 31 August 2009, and that the deal will be successfully concluded at the latest during the month of September.

For Austrian Airlines, this will be the starting signal for a future as a member of the largest airline group in Europe. They will be able to offer a wider selection of perfectly coordinated flight connections to more than 240 destinations worldwide, and build upon the existing specialisation in Central and Eastern Europe. Vienna is to become the fourth hub of the Lufthansa Group, together with Frankfurt, Munich and Zurich.

Source: Austrian Airlines AG