„AUA Must Achieve Turnaround on its own“

People ♦ Published: April 7, 2012; 12:52 ♦ (Vindobona)

Christoph Franz, CEO of Lufthansa explains that the Austrian subsidiary will act independently also in future. Also the restructuring must be completed without Lufthansa´s help.

„AUA Must Achieve Turnaround on its own“ / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)

According to the Swiss newspaper “Der Sonntag”, Swiss finances the deficits of the loss-making subsidiaries Austrian Airlines and Germanwings. Franz declined this “cross-financing”. By contrast: “AUA must achieve the turnaround on its own.”

Franz did not describe AUA´s future. “Austrian Airlines is able and obligated to create business on its own. AUA also has the…