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

Kapsch Extends Czech Toll System Contract until New Tender is Called

After a long tug-of-war the Czech government agreed to extend Kapsch TrafficCom’s contract for the toll system operation in the Czech Republic after all, by three years. The existing contract expires by the end of this year. The government in Prague has not managed to organize a tender in time, due to various delays.

August 29, 2016

Cable Lift Producer Doppelmayr Builds First Lift in Macao

The Vorarlberg-based cable lift producer Doppelmayr has built its first facility in Macao. The circular lift gives the visitors a view of the fountains and brings them to a casino and a hotel the company said. The value of the investment hasn't been revealed.

August 26, 2016

Vienna International Airport Saw Profit Rise in H1

Flughafen Wien saw profits hike in H1 2016, thanks to a better performance and a value increase of its stake in the Maltese airport. The adjusted net profit of the holding airport managing company climbed by 14.7 percent y/y to EUR 54.6 million (USD 62 million). The unadjusted profit rose 47.6 percent y/y to EUR 106.4 million.

August 22, 2016

FlyNiki Collective Bargaining Stalled

Negotiations of the collective agreement for employees of airline FlyNiki are in a stalemate. An employee meeting has been scheduled for Wednesday. Transport services are not to be affected by the situation, radio Ö1 reports.

July 27, 2016

Kapsch TrafficCom to Deliver Toll System to USA for EUR 134 Million

Kapsch TrafficCom will renovate the toll syste, for six bridges and tunnels of the port management of New York and New Jersey (Port Authority of New York and New Jersey).

July 25, 2016

Vienna Airport Vying for UK-Based Firms After Brexit Referendum

Listed Vienna airport operator Flughafen Wien is putting more focus on attracting UK-based enterprises following the Brexit vote and is publishing ads in the Financial Times.

July 22, 2016

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

AMAG Signs Biggest Delivery Contract with Airbus

The listed aluminium group AMAG in Ranshofen in Upper Austria has signed the biggest supply contract thus far with Airbus. This was announced by the company. AMAG didn't disclose details concerning the volume of deliveries from January 2017. "This contract will substantially expand our business with Airbus and strengtnen our position as a recognized supplier for the aircraft industry” - chairman of the management of AMAG Austria Metall AG Helmut Wieser said.

July 18, 2016

DB Schenker Logistics Raises 2015 Revenues in Austria, SEE to EUR 1.4 Bln

German logistics group DB Schenker, a unit of Deutsche Bahn, raised revenues from operations in Austria and South-Eastern Europe by 5 percent y/y to some EUR 1.4 billion (USD 1.55 billion) in 2015, the company said.

July 18, 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