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Vienna International Transport Industry News
Read the latest headlines about developments in the international transport industry in Vienna and Austria
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
FACC Grows and Hires
The aircraft supplier FACC, since recently Chinese property, plans to grow further this year. In order to do this, the company needs 150 new employees.
October 1, 2010
Vienna now has its own Expat Center
In Vienna, the first Expat Center in Austria was opened. The project was handled by the Vienna Business Agency (former WWFF).
September 30, 2010
Insolvencies: Declining Trend for Both Companies and Individuals
KSV expects 10% less insolvencies for 2010, but warns about the consequences of fiscal budget adjustment.
September 28, 2010
ÖBB: 100 Million Euro Savings Through Improved Purchasing
ÖBB want to save 100 million Euro during the next three years with cheaper and better organized purchasing. Shunting and traction are merged.
September 27, 2010
Meinl Bank Pays 6 Million Euro: Airport Intl. and Power Intl. Reach a Partial Agreement
Meinl Bank and International Power pull back all the claims against each other, except those in the arbitration court.
September 27, 2010
Austria Continues Being the Largest Investor in Romania
"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"
September 23, 2010
Siemens Austria: Corruption Prosecution Expands Investigation
According to a media report, the prosecution has questioned two ex-managers of the group on suspicion of infidelity. They allegedly bribed business partners in South Eastern Europe.
September 21, 2010
Martin Schlaff: Acquisition of Several Latvian Oil Transport Companies Planned
After four years of delay Schlaff is reported to be planning the takeover of several Latvian transport companies.
September 20, 2010
Austria's Management and Supervisory Boards’ Salaries on the Test Bench
The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.
September 20, 2010
Swiss Post International is Not Interested in the Austrian Mail Business
According to its Austrian CEO, Georg Weidinger, the state-run Swiss Post is not one of the future competitors of the Post AG in the mail business,
September 20, 2010
ÖIAG: ÖVP vs. SPÖ
Schieder and Rudas demand dissolution of the state holding ÖIAG, Finance Minister Pröll, on the other hand, wants to “strengthen” it.
September 17, 2010
Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying
The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.
September 16, 2010
Direct Connection with Kabul - Afghan Kam Air Lands in Vienna
The private Afghan airline Kam Air started with the direct flights Kabul-Vienna-Kabul.
September 16, 2010
Vienna International Airport: Costly Investment at Friedrichshafen Airport
The financial disaster relative to the new Skylink terminal, which will cost nearly one billion euro instead of 400 million, is certainly the biggest problem the airport’s top management is facing - but not the only big one anymore.
September 16, 2010
Austrian Post Refurbishes its Board
ÖIAG boss Peter Michaelis gives green light for the refurbishment of the Post’s board. Meanwhile, rumors are growing that the changes will not only affect the parcels sector.
September 16, 2010
Vienna International Airport: 13.0% increase in passengers during August 2010
In August 2010 the number of passengers handled by Vienna International Airport increased 13.0% year-on-year to 1,991,481.
September 10, 2010
ÖBB: Layoff of 100 executives and 1,000 administrative jobs
In order to save the financially strongly ailing ÖBB, it is being set on a course of austerity by the new boss, Christian Kern, who has been appointed on Friday. 100 executive and 1,000 administrative jobs are to be cut within the next three years.
September 10, 2010
Kapsch TrafficCom's South African subsidiary wins contract worth EUR 17.5 million
TMT Services and Supplies, the South African subsidiary of Kapsch TrafficCom has been awarded a contract by the City of Johannesburg worth approximately EUR 17.5 million.
September 2, 2010
Verbund - Fight over capital increase further delayed
The controversy over Verbund capital is likely to prolong. Infrastructure Minister Doris Bures will continue to insist on her initial position.
August 26, 2010
Kapsch TrafficCom returns to profit zone
The listed “tolls specialist” has doubled its sales to almost €66.3m ($83.88) in the first quarter.
August 25, 2010
Causa ÖBB - Verbund as top priority
Verbund AG wants to increase its equity, the federal government as majority shareholder will support the plan, which will be discussed, in tomorrows Council of Ministers.
August 23, 2010
Airports International - third capital repayment
This third capital repayment follows the initial capital repayment amounting to €2.25 per certificate at the beginning of June 2009, and the second capital repayment amounting to €0.70 per certificate at the end of October 2009.
August 18, 2010
OIAG to become an infrastructure holding
The OIAG aims to become an infrastructure holding company. The federal real estate company (BIG), Verbund (energy), Asfinag (infrastructure) and parts of the ÖBB (railway) will be slowly integrated in an ÖIAG structure.
July 23, 2010
Union speaks of "death blow" for Austrian Railway
In the context of the forthcoming increase of capital of Verbund hydro electrical plants could be bought from the Austrian Railway Network ÖBB.
July 15, 2010
Austrian Post boss Pölzl - No loss of customers, banking business is running normally
Post boss George Pölzl defends himself against allegations of the works council that Post is suffering of customer flight.
June 16, 2010
Austrian Post - Customers are leaving
Staff representative of the Austrian Postal Service sees the closure of branches as main reason for the negative results of Post.
June 15, 2010
Fresh money for upcoming infrastructure projects
If it was for the BZÖ party, parts of the ÖBB should by privatised by being listed.
June 10, 2010
Skylink-time and on budget-holding
Listed “Flughafen Wien” sticks to its initial statement that completion and commissioning of the terminal expansion Skylink will be expected in the first half of 2012.
June 10, 2010
Change at the ÖBB top - Kern replaces Klugar
The current Verbund manager Christian Kern takes over the top job of Peter Klugar at Österreichische Bundesbahnen (ÖBB).
June 7, 2010
Lauda wants to sue Republic of Austria
FlyNiki boss Niki Lauda wants to sue the aeronautical authorities of the Republic of Austria for damages because of the loss for his airline due to the bans as a result of the Icelandic ash cloud.
May 31, 2010
Lufthansa and AUA launch cargo subsidiary in Vienna
The two subsidiaries, Lufthansa Cargo, Lufthansa and Austrian Airlines (AUA) have established a joint cargo subsidiary in Vienna.
May 27, 2010
ÖBB (Austrian Nationalised Railway) - Bures: Save three billion €
Infrastructure Minister Doris Bures announced structural adjustments of various railway projects. As for the Brenner Base Tunnel, long-term financing is difficult to secure.
May 25, 2010
Austrian Airlines expands long-haul capacity
Austrian Airlines is expanding the long-haul capacity in its 2010/2011 Winter Schedule.
May 21, 2010
Austrian Post at a glance
The market environment faced by Austrian Post in the first quarter of 2010 continued to be difficult. Electronic substitution of letters is ongoing, as expected, whereas the advertising market is slowly improving.
May 20, 2010
Austrian Post with a 33.4 million profit in first quarter
The total revenue decreased by 1.6 per cent to €585.6m. Compared to last year 912 workers were fired. Future developments are hindered by difficult market situations.
May 20, 2010
Welcome Air to expand its flight network
According to the Austrian Times, Tyrolean airline Welcome Air announced today that it would expand its flight network by autumn this year.
May 19, 2010
Kapsch TrafficCom releases results for fiscal year 2009/10
Kapsch TrafficCom AG reported an increase in consolidated revenues at a reduced EBIT but at a clearly increased profit before as well as after tax in fiscal year 2009/10 as compared to the same period in the previous fiscal year 2008/09.
May 18, 2010
Saving energy with trams - Research Project EcoTram 3000 mwh to be saved
While trams are getting more and more comfortable they do require significant amount of energy for heating and cooling. The new project EcoTram aims to combine comfort and energy efficiency.
May 18, 2010
Austrian commercial aviation - 2009 a difficult year
In 2009 commercial aviation registered 22,6m passengers (including transit), 2.1m less passengers (8.5 per cent) compared to 2008. Airfreight decreased by 2.5 per cent or 209,200.3 tonnes while air mail also declined by 10.1 per cent.
May 18, 2010
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