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

Indian Ministry of Railways Discusses India-Austria Railway Cooperations

The Indian Minister of Railways, Shri Suresh Prabhu paid a visit to Austria. In an event organized by the Chamber of Commerce H.E. Mr. Prabhu met with CEOs and Austrian Railway Companies to discuss possible further India-Austria cooperations in the field of railways technology.

July 21, 2016

Austrian Post's Turkish Subsidiary in Conflict with Majority Owner

Post AG is involved in a buyback conflict regarding the Turkish subsidiary. Post took over a 25-percent stake in Turkish parcel delivery service Aras Kargo in 2013; it had been granted an option to buy another 50 percent of the shares. The company has been negotiating to use the option for a year now, but has been unable to reach a compromise.

July 5, 2016

Austrian Post Takes Over 30% of Advanced Commerce Labs

Austrian listed postal group Post AG is taking over 30 percent of Styrian firm ACL (Advanced Commerce Labs) which is specialised in e-commerce and online trade, Kleine Zeitung writes in its Saturday issue. The former sole owner was EOSS Industries, a Graz-based investment firm. The price has not been disclosed. ACL employs about 100 people. The transaction volume in e-commerce amounts to about EUR 150 million (USD 167 million) per year. ACL’s revenue reached EUR 6 million in 2015.

July 4, 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

Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways

Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am

April 27, 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 Railways Acquired German Cargo Company

Austria’s railway operator ÖBB is expanding activities in Germany by acquiring cargo company PCT Private Car Train in Germany from ARS Altmann Gruppe. The signing of the deal already took place on 4 March. The price has not been disclosed. Founded in 2002, PCT reports an annual revenue of EUR 60 million.

March 21, 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