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AUA´s Insolvency Becomes More Probable
German newspapers report that Lufthansa could establish a new Austrian airline company. AUA could be left then.
AUA´s Insolvency Becomes More Probable / Picture: © Austrian Airlines / Flickr Attribution-NonCommercial-ShareAlike 2.0 Generic (CC BY-NC-SA 2.0)
As the restructuring process at AUA proves very difficult, the German holding company Lufthansa seems to lose its patience. The Austrian airline was taken over in 2009, after AUA already faced financial difficulties. Initially, Lufthansa planned to reach the turnaround of AUA in 2011. However, last year, AUA posted losses of € 64m.
Above all, negotiations with AUA´s workforce…
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