Lufthansa Grants Capital Injection to AUA

Business › n.a. ♦ Published: March 15, 2012; 11:49 ♦ (Vindobona)

The German Airline raises the capital of the loss-making subsidiary by € 140m with reservations.

Lufthansa Grants Capital Injection to AUA / Picture: © Lufthansa AG

Lufthansa grants € 140m to Austrian Airlines, which today posted losses of € 60m for the financial year 2011. Christoph Franz, Lufthansa´s CEO, explained that the decision by the supervisory board requires the implementation of successful restructuring measures.

Currently AUA´s management cannot agree on a new collective agreement with the works council. The previous…

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