The latest transport industry and company news and analysis from FriedlNews
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Austrian Transport Industry Headlines

ÖBB/MAV-Cargo - Contradiction Concerning Contract with Lobbyist

The embezzlement lawsuit regarding the purchase of Hungarian cargo railway operator MAV Cargo by ÖBB subsidiary Rail Cargo Austria (RCA) was continued in the province court in St. Pölten on Friday. The central issue was a deal with consultant Geuronet. Defendant Gustav Poschalko claims the commission was not rejected by the group, a claim his then management board peer Ferdinand Schmidt repudiates.

May 20, 2016

AUA to Cut 150 Flights in June - Too Few Pilots

Due to the shortage of pilots AUA had to cancel regular flights. "We have made a short-term decision to reduce the flight plan” "Kurier” cites the spokesman of AUA Peter Thier. This is supposed to eliminate the risk of unplanned flight cancellations.

May 19, 2016

Vienna Airport Raises Q1 Net Profit to EUR 66.6 Mln on One-Offs

Listed Vienna airport operator Flughafen Wien raised Q1 2016 net profit to EUR 66.6 million (USD 75.4 million) from EUR 14.1 million, the company's financial statement out Wednesday morning showed.

May 18, 2016

ÖBB Rail New CEO Halbmayr Takes Up Post

Staterun railway firm OBB saw its todate CFO Josef Halbmayr take over as interim CEO as of Tuesday, the company said in a statement.

May 17, 2016

ÖBB Needs New Helmsman

After the appointment of ÖBB head Christian Kern for new SPÖ leader and government head the railway company is in need of a new helmsman. Kern has been head of the railway carrier since 7 June 2010. ÖBB board member in charge of infrastructure, Andreas Matthä (53) has been named a possible successor of Kern.

May 13, 2016

Austro Control Boosts Sales and Profit

Austrian air traffic control company Austro Control raised its sales last year by 3.2 percent to EUR 265.5 million. The company also made a EUR 12.9 million profit after EUR 1.8 million (USD 2.05 million) in 2014.

May 13, 2016

Austrian Railways Could Be Headed Temporarily by CFO Halbmayr After Incumbent CEO Leaves

State-run railway company ÖBB may see CFO Josef Halbmayr take over as interim CEO, sources claim ahead of the upcoming end of the term of office of OBB head Christian Kern.

May 12, 2016

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

Partial Victory for Do & Co Subsidiary Henry am Zug Against ÖBB

ÖBB train caterer Henry am Zug, a subsidiary of Do & Co recorded a partial victory at the administrative court, as the court (VwGH) ruled in a case concerning concealing information from the traffic inspection office of the city council in Vienna against the municipal authorities. Since taking over catering in ÖBB trains in 2012, Do & Co has faced accusations of trade unions of violating labor law. An administrative fine of EUR 1.3 million (USD 1.5 million) is looming over the catering business.

May 9, 2016

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016