Three airlines on shortlist for Austrian Airlines takeover
Lufthansa, Air France-KLM and the Russian carrier S7 will likely bid for the takeover of Austrian Airlines, several Austrian media reported Monday.
Austria's state holding company OeIAG is seeking to sell its 42.75- per-cent stake in the Austrian flag carrier by late October.
Sources close to the OeIAG's governing board told Austrian news agency APA that British Airways was no longer on the shortlist that is to be formalized on Tuesday.
However, another source in the airline industry told Deutsche Presse-Agentur dpa that there were four bidders left.
Lufthansa is widely seen as having the best chances for buying Austrian Airlines, as both companies are members of the Star Alliance group and share the same language.
On Monday, Lufthansa and Brussels Airlines announced the big German airline would take over the Belgian carrier. Lufthansa is also viewed as a front-runner for taking over the Scandinavian airline SAS.
Reeling from high fuel prices, Austrian Airlines is expected to post losses of 70 million euros (99.7 million dollars) this year.
- Login or register to post comments
Print
Email to friend
You May Also Like..
Must reads
According to the Lancet, a fit and healthy 67 year old man was inexplicably struck down by a serious fever in March and had to be hospitalised in...
A new study by researchers from the University of New Hampshire refutes the theory of marijuana being a gateway drug, and pot smokers going on to...
The introduction of the new health care reform has prompted states to mull over the possibility of setting up a new marketplace, where consumers...
According to a study published online Wednesday, customers purchasing organic fruits and vegetables, believing them to be tastier, more nutritious...
There has been a strong shift in the attitude towards smokers, with a new survey finding that around 38% of landlords are prepared to throw out...
The World’s Biggest Coffee Morning returns to challenge java lovers in York to raise £55,000 for Macmillan Cancer Support.
Those who enjoy...
The findings of a study by a think tank reveal Northern Ireland to have the lowest level of economic activity in the UK, causing the unemployment...
Dr. Tony Jewell, Chief Medical Officer for Wales is urging parents to ensure their children are vaccinated against 11 life-threatening diseases....
Featured Articles
-
Last night, a stunned television audience...
-
The federal government has been pushed into...
-
According to the US Agriculture Department (...
-
Just as Homer City’s local West Nile Virus...
-
As students head back to school, a new flu...
