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Austrian Airline and Airport Industry Headlines

Lufthansa Settles Dispute with former AUA Shareholders

Seven years after the takeover of Austrian Airlines (AUA) by Lufthansa, the holding company made amends with the last of the old shareholders. Both parties involved in the long-running dispute had taken big strides to enable a settlement, it was alleged. Now AUA’s holding company will make an additional payment of EUR 3.30 + interest per share to the former shareholders.

May 11, 2016

AUA Started Flights to Shanghai, Tokyo Will Be Removed

The initial Austrian Airlines flight to Shanghai took off from Vienna yesterday. AUA will terminate the connection to Tokyo as of September 4 and will rather bet again on Chinese destinations. The economic slowdown of the Japanese economy made the Vienna-Tokyo route unprofitable. Instead AUA starts with five weekly flights to Shanghai on a Boeing 777.

April 7, 2016

Austrian Airlines to Offer Flights to Hong Kong Starting September 5, 2016

AUA Austrian Airlines has signed an agreement with Hong Kong authorities to ad Hong Kong International Airport to its portfolio of long-haul destinations. AUA will fly up to 5 times a week to Hong Kong as of September 5, 2016. The direct link to Vienna will also be the gateway to Eastern Europe for the Hongkongese as well as the South-Chinese business community.

March 9, 2016

Vienna International Airport Dissatisfied with Being Pushed Out of ATX

The airport operator VIA Vienna International Airport (Flughafen Wien) is dissatisfied with being pushed out of the lead ATX at Vienna Stock Exchange. The company suspects market abuse and wants to have the financial market supervisor FMA to investigate the matter.

March 7, 2016

EU to Crack Down on Postal Rip-Offs including Austrian Post

The FT reports that Brussels is preparing a regulatory crackdown against rip-off pricing by national postal operators on cross-border parcel deliveries. According to a study, cross-border parcel deliveries are often five times more expensive than identical trips on the domestic market. While the price of a standard 2 kg parcel delivery in Austria with the national postal operator is €4.44, to have that same parcel send to neighbouring Italy would cost €14. Sending the same parcel back from Italy to Austria will rise to €25. In order to connect the common market, the EU wants to develop the potential of e-commerce and to boost cross-border trade. According to the FT, a spokeswoman of the European Commission said that early next year the Commission will “launch measures to enhance price transparency and regulatory oversight” of the European parcel delivery market.

December 22, 2015

Austrian Airlines to Offer Flights to Cuba as of Autumn Next Year

AUA Austrian Airlines, a unit of German giant Lufthansa, will offer flights to Havana (Cuba) as of autumn 2016, the company said in a statement.

December 4, 2015

Lufthansa Passengers Face Numerous Flight Cancellations

Passengers of Lufthansa, Austrian Airline’s (AUA) parent company, are facing numerous flight cancellations this week, as the flight attendants trade union is staging strikes this Monday.

November 9, 2015

Austrian Airlines Returns to Shanghai

The return to Shanghai highlights the continued importance of the Chinese market to Austrian Airlines and the high value attached to its outbound market in particular. Austrian Airlines had already included Shanghai in its flight schedule starting on April 28, 2004. However, flight service was terminated in January 2007 as part of the redimensioning of the airline’s long-haul fleet and the related decommissioning of all its Airbus A330 and A340 long-haul aircraft.

September 10, 2015

Haselsteiner Pushes to Close Klagenfurt Airport Deal

Enterpreneur Hans Peter Haselsteiner, who wants to acquire a stake in the operator of the airport in Klagenfurt with the help of a consortium, is in a hurry to complete the deal. He wants everything to be ready by mid-September, it follows from an interview with him featured by daily Kurier.

August 31, 2015

Vienna Airport Supervisory Board Extends Management Contracts Until 2021

Listed Vienna airport operator reappoints Julian Jäger and Günther Ofner to the Management Board of Flughafen Wien AG.

June 23, 2015