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Austrian Airlines signs codeshare agreement with Georgian Airways

Austrian Airlines and Georgian Airways are creating clear benefits for passengers: With the cooperation on the route Tbilisi- Vienna, the two airlines provide an attractive offer for travellers from E

Lufthansa completes takeover of Austrian Airlines

FRANKFURT - German flagship airline Deutsche Lufthansa AG has concluded its takeover of Austrian Airlines AG, the airline said Thursday.

Lufthansa given the go-ahead to takeover Austrian Airlines

The European Commission (EC) approved today the takeover of Austrian Airlines by Deutsche Lufthansa AG of Germany after Lufthansa promised a set of remedies to remove the EC's competition concerns.

Lufthansa CEO expecting formal approval of Austrian Airlines merger soon

"We welcome the positive signals we have received from Brussels and are counting on formal approval soon of the merger with Austrian Airlines," said the chairman and CEO of Deutsche Lufthansa AG, Wolf

EU not likely to approve Lufthansa takeover of Austrian Airlines

European Union regulators charged Friday that Lufthansa AG has not done enough to allay antitrust concerns over its bid for Austrian Airlines, and they are now unlikely to approve it by the end of the

Austrian Airlines to cut 1,000 jobs by mid-2010

VIENNA — Austrian Airlines, the ailing carrier due to be taken over by Germany's Lufthansa AG, said Thursday it will cut about 1,000 jobs by mid-2010 as part of an effort to boost its competitivenes

EU will open in-depth probe of Lufthansa’s Austrian Airlines takeover

FRANKFURT - Deutsche Lufthansa AG said Wednesday the European Commission will start an in-depth anti-trust probe into Lufthansa's planned takeover of Austrian flag carrier Austrian Airlines AG.

Lufthansa closes in on Austrian Airlines takeover

VIENNA — More than 85% of Austrian Airlines' shareholders have accepted a public takeover offer by Germany's Lufthansa AG, the struggling carrier said Tuesday.

Austrian Airlines to cut work hours, salaries

VIENNA — The Austrian Airlines Group will reduce the working hours of its flight attendants and decrease the pay of its pilots for a year to cut costs, the company said Friday.

Lufthansa’s Austrian Airlines purchase probed by EU

European Union regulators began an in-depth investigation into whether Austria’s restructuring and sale of Vienna-based Austrian Airlines AG to Deutsche Lufthansa AG conform to EU rules on state sub

Austrian Airlines undergoes painful transition

VIENNA (eTN) - The dismissal of Austrian Airlines (AUA) CEO Alfred Ötsch shows the seriousness of the situation at Austria’s national carrier, after its financial take-over over by German carrier L

Air France-KLM complains over Austrian Airlines sale

PARIS - Air France-KLM filed a complaint to the European Union on Thursday over Austria's plans to sell its national airline to German carrier Lufthansa, saying the deal depended on unfair state aid.

Austria looks to take on airline debt ahead of sale

Austria's government indicated on Monday that it would likely take over some of the debt of Austrian Airlines before selling it.

Lufthansa officially bidding for Austrian Airlines stake, spokesman says

FRANKFURT — The leading German airline, Lufthansa, has officially declared interest in buying part of troubled Austrian Airlines, a spokesman told AFP on Monday.

Centre-left rejects Austrian Airline sale

VIENNA - Austria's co-governing centre-left remains opposed to a quick sale of the government's 43 percent stake in Austrian Airlines, the Social Democrat junior transport minister said on Monday.

Austria hires Merrill on airline sale-source

LONDON - The Austrian government has appointed Merrill Lynch & Co Inc to advise it on a possible sale of loss-making Austrian Airlines (AUA), a source familiar with the matter said on Tuesday.

Austrian government says airline must stand alone

VIENNA - Austrian finance minister Wilhelm Molterer said on Thursday troubled Austrian Airlines should remain an independent carrier.