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Vienna International Airline and Airport Industry News

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

Turkish Airlines Expands Massively

According to CEO Temel Kotil, Turkish Airlines has an enormous growth potential. The function of Istanbul as hub between Asia and Europe is a crucial for Turkish Airlines.

February 6, 2013

Vienna International Airport: Moderate Increase in Passengers

Flughafen Wien AG: 5.0% increase in passengers to 22.2 million in 2012. For 2013 Vienna Airport expects growth of 1 to 2% in the number of passengers as well as higher revenue and EBITDA.

January 17, 2013

Austrian Airlines: Small Increase in Passengers

Year 2012 as a whole: 1.8 percent rise in the number of passengers carried despite four fewer aircraft. In total, 11.5 Million Passengers Flew with Austrian Airlines.

January 10, 2013

Poland: LOT to Downsize Radically

The financially stricken Polish airline must scale-down its activities drastically in order to become profitable again

January 5, 2013

„We Have to Prove Ourselves in 2013“

Jaan Albrecht, CEO of Austrian Airlines, expects that the Austrian subsidiary of German Lufthansa will not need further financial aids from its holding company.

December 29, 2012

Poland: € 100m Aid for LOT

The Polish government grants a massive capital injection for the financially stricken airline.

December 27, 2012

CESEE: Airline Industry in Severe Crisis

The airline industry in East and Southeast Europe faces enormous difficulties. Not only Polish LOT needs immediate help.

December 21, 2012

Poland Grants State Aid to LOT

Poland´s national airline LOT gets financial support of more than € 100m.

December 12, 2012

Austrian Airlines Increases Number of Passengers Carried

Traffic Results from January to November 2012: 1.7 percent more passengers carried. November 2012: Rising passenger volume despite fleet reduced by four aircraft. Positive trend in capacity utilization continues.

December 11, 2012

Austrian Airlines Cuts 150 Jobs

“Austrian Airlines Group sets forth its restructuring process.” the company announces and aims to achieve “further savings through the elimination of duplicate operations.”

December 11, 2012