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Vienna International Transport Industry News

Discounts for Austrian Airlines and Lauda at Vienna International Airport

Vienna International Airport grants Austrian Airlines and Flyniki discounts. Flyniki rises to the second most important partner.

November 25, 2010

ÖBB: Changes in Freight Traffic Leadership

Because of poor results, the ÖBB CEO has to act on facts: The managers of the freight division are being replaced.

November 25, 2010

Vienna International Airport: Strong Growth in Profits and Passengers

The Vienna International Airport (Flughafen Wien) could increase its EBIT by 15%, passengers have risen by 8.3% to 14.87m.

November 25, 2010

Audit Court: Capital Increase for Vienna Airport

The Audit Court criticizes the Board again and advises a capital increase. The personal consequences may be tougher than expected yet.

November 24, 2010

Wiener Stadtwerke Inaugurates New Headquarters

The largest Viennese infrastructure company concentrates its activities at the new headquarters and also sets a mark for urban development.

November 24, 2010

Siemens Austria: New Orders from Bangkok

The Thai BTSC has placed an order at Siemens for 35 additional intermediate cars for the city rail system. Works in Bangkok start in 2012..

November 22, 2010

Audit Court: Massive Criticism of Vienna International Airport

The Court expects significantly higher costs for Skylink than the airport itself. There are personal consequences.

November 19, 2010

The ÖBB is a Risk Factor for the State Budget

While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.

November 15, 2010

Linz AG: Pause After Investment Offensive

The municipal company recorded extraordinary high capital expenses in 2009. The next projects are still in the planning phase.

November 11, 2010

Vienna International Airport: Strong Increase in Passengers

Vienna International Airport: Plus 11.4% in passengers during October 2010. Forecast for 2010: +9.0 % in passengers.

November 11, 2010

Traffic Result of AUA for October: Significant Passenger Growth

Austrian Airlines transported 16.5 percent more passengers in scheduled service than in same month last year. Load factor in October rises to 81 percent.

November 9, 2010

Kapsch CarrierCom Gets Major Contract for GSM-R Project in Spain

Kapsch was commissioned by the Spanish railway authority Adif with the implementation of a GSM-R network.

November 9, 2010

Competition for Hungarian ÖBB Subsidiary

Rail Cargo Hungaria (RCH) is still fighting for restructuring success. Meanwhile, a new competitor has appeared in the freight business.

November 5, 2010

AUA: Massive Criticism of Government

Owing to the flight ticket tax one feels lied to by the politicians. Contrary to promises, there is no support for restructuring. Not even Vienna Airport is immune from criticism.

November 4, 2010

4.25% Kapsch TrafficCom Bonds Successfully Placed

Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, successfully placed corporate bonds with a tenor of seven years and a volume of Euro 75 million.

November 3, 2010

AUA: Deficits Must Go

Austrian Airlines, bought in 2009 by German Lufthansa, are now working with profit at operational level. But restructuring of long haul routes is proving to be particularly difficult.

November 3, 2010

Lauda is Evaluating whether to Move From Vienna

The owner and CEO of the Austrian low-cost airline Flyniki is considering a withdrawal from Austria. He is very upset over the tax on airline tickets to be implemented on January 1, 2001.

November 2, 2010

Strabag CEO Haselsteiner: Koralmtunnel Has To Be Built

Haselsteiner reacts sharply to criticism of the construction of the Koralm tunnel. He sees the infrastructure measure as economically sensible.

November 2, 2010

ÖBB: Alleged Corruption

An internal document about a meeting of the ÖBB Supervisory Board in 2008 has now appeared. Bribes are openly talked about.

October 29, 2010

AUA Flights to Russia Secured

While the problem of AUA landing rights in Russia has been solved for Lufthansa until March, Austria is being accused of breach of contract by the European Commission.

October 29, 2010

EU Funds to Finance Brenner Tunnel until 2015

The European Commission has extended its partial financing commitment for the Brenner tunnel. However, appropriate measures must be taken soon. Deliberations are still underway at present.

October 28, 2010

STRABAG Builds the Koralm Tunnel

The controversial project will be built by the construction group Strabag. The total investment amounts to around 600 million euro.

October 28, 2010

AUA: Still Losses, But There Is an Upward Trend

Losses and costs fall, passenger numbers rise. Restructuring measures show results, but the target has not been reached yet, according to the board.

October 28, 2010

Hungarian Railway Workers Strike Against Rail Cargo

Due to employee layoffs at Rail Cargo Hungaria, the employees threaten to go on strike. Rail Cargo suffers losses both in Austria and in Hungary

October 27, 2010

AUA Flight Rights in Russia: EU Proceedings Against Austria

Due to the so far preferential treatment of Austrian Airlines in Russia, Austria is now accused by the European Commission of breach of contract.

October 27, 2010

AUA: Outrage at Ticket Tax

Austrian Airlines are fearing a massive drop in sales and even see the tax as a threat to their existence.

October 25, 2010

New Budget: Details and Reactions

The entire tax package will bring additional revenues for around 1.2 billion euro. There are further saving measures for 1.6 billion euro. Reactions from the economic actors are ambivalent.

October 25, 2010

New Budget, New Taxes

The budget includes a new austerity package, which consists essentially of taxes on mineral oil, tobacco and banks.

October 25, 2010

Vienna International Airport: Business With Low-Cost Carriers booms.

A significant portion of Vienna International Airport’s sales are achieved with low-cost airlines. The airport's boss wishes a more extensive partnership with the Bratislava location.

October 21, 2010

Booming Tourism: Aeroflot Pressure on Austria's Airports

New routes of Aeroflot subsidiaries to Austria are created due to the growing flow of Russian guests.

October 20, 2010

AUA: Licenses in Russia Expire

Austrian Airlines are worried about the landing and overflying rights in Russia. If there is no extension, there is a threat of higher costs.

October 20, 2010

New Westbahn Claims Unjustified Subsidies for the ÖBB

The reason is an amendment to the Public Procurement Act, which allegedly gives preference to the ÖBB.

October 20, 2010

Austrian Airlines Loses Swiss Destination

As the St. Gallen-Altenrhein airport in eastern Switzerland will operate its own airline, AUA will no longer fly to this airport

October 19, 2010

Real Estate Market for Logistics Objects is Booming

In the vicinity of the Airport Vienna, a new logistics cluster arises.

October 19, 2010

Austrian Federal Railways in Debt Crisis

Several infrastructure projects will increase the debt burden of the Federal Railways dramatically. This could bring considerable effects for the financial situation of the whole Federation.

October 19, 2010

Do & Co Expands Rapidly in Turkey

After the successful expanion with Turkish Airlines, Do & Co plans to enter the event-catering market

October 18, 2010

Airport Vienna-Schwechat: A New Concept is Called For.

The future direction of the airport will be decided on in November. A change in leadership is in sight.

October 15, 2010

Higher Tolls for Trucks Likely

Higher toll rates in the EU countries are likely due to noise, air and traffic disturbances.

October 15, 2010

Vienna Airport: Passengers on the Rise

Almost 14% more passengers were counted in Schwechat in September. Cargo share also increased.

October 14, 2010

Post and Bawag Join Branches

BAWAG PSK and the Post have agreed to work together more closely. BAWAG branches and larger post offices will offer in future both postal and banking services.

October 13, 2010

Coface CEE Top 500 - Poland Largest Number of Companies in CEE

Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.

October 12, 2010

Austrian Airlines: 11.2% More Passengers

As part of a new strategy, AUA (Austrian Airlines), is targeting especially regular services. Overall, the Lufthansa subsidiary, has transported 8.4 million passengers this year.

October 11, 2010

Siemens Graz: - Investment of 12 Million in Plant for Railway Bogies

Siemens is investing a total of twelve million euro at the Graz location. The plant for railway bogies will receive a new assembly line for wheel sets. In addition to the present 950 employees new jobs will be created.

October 8, 2010

Asfinag: Toll Revenues for 1.63 Bllion Euro in 2010

The motorway vignette will bring the state-owned motorway company Asfinag 350 million euro this year, truck tolls one billion. Total revenues will be around 100 million above those of 2009, but debts increase by around 600 million.

October 8, 2010

Skylink: Board Changes at the Airport After Vienna Election

At Vienna Airport, the chairman of the supervisory board, Cristoph Herbst, is being talked about as successor to Ernest Gabmann(ÖVP). The Audit Court’s report on Skylink points to serious deficiencies.

October 7, 2010

Rail Cargo Austria :End of Losses Not in Sight

The losses of the ÖBB subsidiary Rail Cargo Austria rise to at least 200 million euro The end is far away. Lay offs and restructuring are necessary.

October 7, 2010

Lufthansa suspends Linz to Munich flights as from October 31

Lufthansa discontinues its flights from Linz to Munich on October 31, tickets will be transferred or refunded.

October 6, 2010

Doppelmayr: Major Contract from San Francisco for 121 Million Euro

After major orders for its cable car system for Las Vegas and Venice, the cable car technology group from Vorarlberg now also got on track in the greater San Francisco area with the largest order in the company’s history.

October 5, 2010

Skylink: Position on the Report of the Audit Court

The contents of the Rechnungshof (Audit Court, RH) report is said to be prejudicial; the Airport Board will submit its opinion today.

October 4, 2010

Post Boss Pölzl 3 Months prior to the Liberalization

Post Boss Pölzl allegedly looks ahead with confidence to free competition, even for traditional letters.

October 1, 2010