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
Related Articles
- Olympic Airways staff block airport taxiway in protest over sell-off
- Lufthansa CEO in Italy for Alitalia talks
- Three-way German airline merger called off
- Trading in SAS shares stopped amid takeover rumour
- Olympic Airways staff block airport runway in protest at sell-off
- Continental Airlines flies into the red
- Austrian stocks tumble 8.05 per cent
- Skies remain red for Continental Airlines
There has been an up side to the abysmal state of American economy, as more multi-generation families are choosing to live together, driven partly...
Apparently, the healthcare debate has forced into the Twilight Zone, with President Obama saying passing the bill means 3,000% decrease for...
University of Michigan researchers have found a chemical in bananas they believe can prove helpful in protecting women from HIV infection.
...
Prosecutors say a former Fall River dentist who has had his license to practice suspended in three states repeatedly billed for work using the...
In a special edition of the Journal of the American Medical Association, commentators say the US health system is under strain from the rising...
In its letter released Tuesday, the US Food and Drug Administration (FDA) informs Glenmark Pharmaceuticals Ltd. to have sold nitroglycerin tablets...
In an exciting win for gene testing and personalized medicine, doctors say it is possible to get a tricky dose right and keep patients out of...
According to US researchers, while younger people with colon cancer are more likely to receive chemotherapy after surgery than older patients, it...
Adopting a controversial plan the Department of Health and Mental Hygiene proposed 14 months ago, the New York City Board of Health will rate...
Law enforcement officials and marijuana advocates for Washington State have been called upon to change how pot is regulated and how those who grow...
Kathleen Sebelius, Secretary of Health and Human Services said Tuesday immediate benefits will be visible to consumers via increased insurer...
As the lawmakers clashed fiercely Tuesday, political manoeuvring in the Capitol saw Democrats struggling to defend procedural shortcuts in order...
