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Vienna International Airline and Airport Industry News

Polish Airline LOT Staves off State Aid

Because of the effective restructuring measures, the airline carrier has fended off the need for a capital injection by the Polish state, accordint to Deputy Treasury Minister Rafal Baniak.

October 15, 2013

Croatia: Not Plans of Privatizing State-Owned Companies

Croatian government denies it planned to privatize 28 large state-owned companies.

October 14, 2013

Turkish Airlines Not Interested in Croatia Airlines

The Turkish airline carrier has denied rumors of acquiring states at Croatia Airlines.

September 11, 2013

Adria Airways to be Acquired by China Southern Airlines

Chinese Southern Airlines wants to gain a foothold in the Slovenian air traffic sector. Besides Adria Airways, Ljubljana Airport will be privatized.

August 25, 2013

Polish Airline LOT Puts Pressure on Boeing

Polish carrier LOT is threatening Boeing with claims for compensations. Dreamliner purchased by the airline company were faced with weeks of grounding due to a series of technical problems. Losses are estimated in the amount of up to € 25m.

August 23, 2013

Strong Signs of Life in CESEE Airline Sector

After a couple of difficult years, the airline industry in the CESEE region takes a re-start. In Hungary and Serbia, Arab investors have entered the stage.

August 5, 2013

AUA Posts Positive Operating Result

Austrian Airlines´operating result was up by EUR 20 million in the first half-year.

August 2, 2013

China: Big Plans for Ljubljana Airport

China Southern, Asia’s biggest airline company, plans to establish a hub in Ljubljana for SEE.

July 24, 2013

Good Outlook for Austrian Airlines

CEO Jaan Albrecht thinks that the Austrian subsidiary of German Lufthansa will record positive results this year.

July 22, 2013

Austrian Airlines: Ongoing Upward Trend

Traffic Results of Austrian Airlines for June 2013: Ongoing Upward Trend in Capacity Utilization

July 11, 2013

Austria: Change on Supervisory Board of Austrian Airlines

The Annual General Meeting today decided to make a change on the Supervisory Board of Austrian Airlines AG:

June 28, 2013

Slovenia Expects Economic Recovery As Soon As 2014

On Saturday, the Slovenian Finance Ministry expressed its confidence that the newly adopted action plan would help stabilize public finances and help gain economic recovery despite of Fitch’s downgrade.

June 24, 2013

Last Try to Save Polish Airline LOT

Poland’s National Treasury starts a final attempt at saving Polish Airlines LOT.

June 21, 2013

AUA „Makes Good Progress“

Chairman of Lufthansa Christoph Franz is confident that the Austrian affiliate Austrian Airways (AUA) will be able to make the turnaround in time.

June 20, 2013

AMAG to Provide Aluminium for Airbus

Listed aluminium manufacturer AMAG received a major order by defence and aerospace company EADS.

June 13, 2013

Slovenia: Commission’s Target to Be Achieved in September

Deputy Prime Minister and Interior Minister Gregor Virant announced that Slovenia will achieve the EU Commission’s aim for approving more budget cuts by the end of September to avoid international bailout.

June 6, 2013

Zagreb: In-depth Analysis of SEE Infrastructure Development Plans

Many countries of Southeast Europe are outlining ambitious infrastructure development plans within transport, social, energy and environmental projects.

June 1, 2013

Slovenia: NKBM Still In the Reds

Particularly high risk provision caused the bank a net loss of € 8.5m. Even for the whole of 2013, losses are expected.

May 31, 2013

Poland: Alterated Restructuring Plan for LOT

LOT alters restructuring plan, expects more public aid

May 29, 2013

Croatia: Plans For Croatian Airlines’ Bankruptcy

The Croatian government has started planning in case of its national carrier declaring bankruptcy.

May 21, 2013

Croatia: PM Warns Of Croatia Airlines’ Downfall

Prime Minister Milanovic stresses the need to make changes to guarantee a future for the airline company.

May 17, 2013

Turmoil At Croatian Airlines

Employees of the carrier have been on strike for the third day in a row. Numerous flights, including air travels to Austria, had to be cancelled.

May 16, 2013

Poland: Rescue Loan for LOT Approved

A new law passed on Friday makes it possible to privatize Polish carrier LOT.

May 16, 2013

AUA: Increased Capacity Utilization in Europe

Traffic Results for April 2013: Increased capacity utilization in Europe

May 14, 2013

Poland: LOT Ready To Be Privatized

A new law passed on Friday makes it possible to privatize Polish carrier LOT.

May 14, 2013

Gazpromneft-Aero Signed Major Contract With Turkish Airlines

Gazpromneft-Aero signed a long-term contract with the Turkish airline transport company to refuel all flights.

May 8, 2013

Istanbul to Receive € 22bn for World's Largest Airport

Today, a Turkish construction consortium has secured itself a record sum of around € 22bn for the contract of the construction of the world’s biggest airport in Istanbul.

May 3, 2013

Croatia: Pushing Ahead With Croatia Airlines Restructuring

Despite of protests of employees restructuring measures will be continued.

May 3, 2013

Croatia Airlines To Cancel Flights After Staff Went On Sick Leave

Croatia Airlines had to cancel 13 flights on May 1, after 25% of the airlines staff went on a sick leave, in what the heads of the airline consider a protest against changes to employment conditions.

May 2, 2013

Austrian Airlines: Worse Results Than Expected

Results of the first quarter of 2013: Austrian Airlines improves earnings by EUR 11 million only.

May 2, 2013

Vienna: Infrastructure & Construction Summit Brings Together All Balkan Countries

Government ministers from Austria and various Balkan countries will be discussing infrastructure and construction in the region at a two-day summit in Vienna at the end of May.

April 30, 2013

Croatia: Trying to Sell Croatia Airlines

Croatia is starting an attempt to try and sell a stake of troubled Croatia Airlines (CA).

April 25, 2013

Bulgaria: Sofia As Most Affordable Tourist Destination

Huffington Post has nominated Bulgarian capital Sofia to be the most affordable tourist destination in Europe.

April 24, 2013

Austria: Tyrolean and AUA Agree on Social Plan

After eleven hours of negotiations, three main points were decided on. However, details have not been disclosed yet.

April 18, 2013

Cyprus Airways Threatened With Bankruptcy

According to Cyprian newspaper Fileleftheros, Cyprus Airways is about to fold.

April 4, 2013

Poll: Estonians Want Economy Minister to Resign

56 % of Estonian citizens want the Economy Minister Parts to step down.

April 3, 2013

How Austrian Airlines Intends to Soar Again

In an interview with the Austrian newspaper Presse, Jaan Albrecht, head of Austrian Airlines explains why he had to carry out sudden drastic measures and what the future of the airline should look like.

March 29, 2013

Austria: Tyrolean Administration to Be Relocated

Austrian Airlines is about to relocate Tyrolean’s administration to Vienna along with new managing director Klaus Froese. Around 100 of the total of 400 staff members working in Innsbruck are concerned.

March 28, 2013

Vienna International Airport: Top Score of +127.5 % Net Profit

EBITDA at € 221.m (+17.1%), net profit after non-controlling interests of € 71.9m, dividend: slight increase to € 1.05 per share (2012: € 1.00)

March 20, 2013

CSA: Korean Air Gets In

The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.

March 16, 2013

Austrian Airlines Records Profits

Due to one-time effects, the Austrian subsidiary of Lufthansa returns to the profit zone. Austrian Airlines expects the final turnaround in 2013.

March 14, 2013

Number of Passengers Goes down at Austrian Airlines

The passenger number declined by 3.8%. January-February 2013: passenger load factor up 3.2 percentage points.

March 13, 2013

CSA: Korean Air as Only Bidder

The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.

March 7, 2013

Czech Airlines May be Taken Over by Korean Air

The Korean airline company aims to take over the publicly held stake in Czech Airlines.

March 5, 2013

Poland: LOT Airline Downsizing Personnel

Due to the restructuring program, the unprofitable airline company has to lay off 360 workers.

March 2, 2013

LOT to be Privatized in 2013

LOT Polish Airlines faces a dramatic phase of restructuring. In order to saleable, the airline company will downsize radically.

February 19, 2013

Major Losses for Croatia Airlines

The publicly owned national carrier will introduce restructuring measures, the management announced.

February 16, 2013

Polish LOT Plans Mass Lay-Offs

In order to prevent a bankruptcy, the financially stricken airline has to downsize radically, Prime Minister Tusk says.

February 14, 2013

Vienna International Airport: Slight Decrease in Passengers

Vienna Airport: Minus 1.7% in passengers during January 2013. “Unusually heavy snowstorms in eastern Austria responsible for decline.”

February 14, 2013

Austrian Airlines: Decrease in Passengers

Traffic Results of Austrian Airlines for January 2013: the airlines has carried 723,200 passengers in January. Positive trend in capacity utilization.

February 8, 2013