6th December 2008, 03:24 PM
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Member
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Join Date: May 2008
Location: MEL/LAX/SFO
Posts: 123
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Lufthansa to take over Austrian Airlines
Lufthansa and Austrian Airlines have signed the contracts, that Lufthansa will take over the 40% share held by Austrian government owned ÖIAG (Austrian Industry holding) for a symbolic 366000 Euros. Austrian Airlines currently have a debth of 1 billion Euros, 500 millions of which will be covered by the Austrian government and 500 millions will have to be covered by the new owner Lufthansa.
Story Continued
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