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Airline Industry
Austrian-Israeli Economic Relations - 20% Increase in Exports
On the occasion of the official state visit of Federal President Alexander Van der Bellen and the accompanying business delegation of the Austrian Chamber of Commerce, the issue of the actual state of economic relations has arisen. The Austrian-Israeli foreign trade volume amounted to 568 million euros in 2017, with a trade balance surplus for Austria of 229 million euros. The Chamber of Commerce reports that Austrian exports to Israel increased by 20.3% in 2017. The trend seems to have continued in 2018. More than 600,000 overnight stays by Israeli tourists make Israel one of the top nations in Austrian tourism statistics.
February 4, 2019
Irish Ryanair Acquires Austrian Laudamotion Completely
The Austrian Niki-Airline successor Laudamotion has now been taken over 100% by Ryanair. Ryanair last held three quarters of the shares of Laudamotion. No information was given about the price for the remaining 25 percent.
January 29, 2019
Vienna Airport Surpasses 27 Million Passengers for the First Time
Vienna International Airport was able to handle 27 million passengers for the first time last year, a year-on-year increase of 10.8%. The top destinations were London, Moscow and Bangkok. 74 airlines serve 205 destinations in 71 countries. In the ranking of airlines as measured by their share of overall passenger volume, Austrian Airlines was followed by Eurowings (incl. Germanwings), the easyJet Group, Lufthansa and Laudamotion. The increase in the number of passengers in 2019 is estimated at 10%.
January 28, 2019
Japan's Largest Airline ANA Expands Service Between Tokyo and Vienna
The Japanese ANA - All Nippon Airways relies on Vienna as its European hub for business flights to Germany, Switzerland, Italy and Poland and is expanding its range of services as a result of the facilitation provided by the Japan-EU Economic Partnership Agreement (EPA).
October 31, 2018
Austrian Airlines - More Women in the Cockpit and Daily Flights to Tokyo
Become one of the few female pilots at Austrian Airlines. A total of 100 fully-trained pilots are currently being sought. As part of its expansion, Lufthansa's subsidiary intends to significantly increase the proportion of women pilots. The airline is also expanding its services to Tokyo, namely six weekly flights from March 2019 and daily flights during the 2019 summer timetable.
October 25, 2018
Austrian Airlines Celebrates 60th Birthday
Austrian Airlines Österreichische Luftverkehrs Aktiengesellschaft was founded on 31 March 1958. This week, 2,500 guests celebrated the 60th birthday of the red-white-red airline in the hangar at Vienna Schwechat Airport.
May 25, 2018
Austrian Budget Airline LaudaMotion: Fighting the Top Dog Lufthansa
LaudaMotion is to become a powerful low-cost airline. Ryanair ultimately intends to acquire a 75 percent stake. From June 2018, a total of 65 routes are to be served from Vienna, from seven German airports (Berlin/Tegel, Cologne, Düsseldorf, Frankfurt, Munich, Nuremberg, Stuttgart) and from Zurich to the Mediterranean region and to the Canary Islands.
March 30, 2018
Ryanair Acquires 75 Percent of LaudaMotion
The Irish low-cost airline Ryanair is paying 100 million euros for the share. Ryanair will initially take over 24.9 percent of Laudamotion and intends to increase it to 75 percent, subject to the approval of the EU competition authority. The airline founder will continue to be in charge.
March 20, 2018
Transport & Logistics - DB Schenker Opens New Logistics Center in Belgrade
DB Schenker will be moving into a new logistics center near Belgrade/Serbia at the beginning of 2015. The center will offer customers the technology for specialized logistics solutions.
August 29, 2014
Tonight Emirates Will Take the First Airbus A380 to Vienna
Emirates airline will operate a one-off A380 service to Vienna, celebrating 10 years of flying to Vienna International Airport.
May 26, 2014
Emirates: The Air Rights Quarrel Between Austria and UAE Continues
The Arab airline demands considerably more landings in Vienna.
May 23, 2014 · Updated: May 24, 2014; 16:15
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
Slovenia: Privatization Program to Boost FDI?
The government of the financially ailing country is forced to privatize a substantial part of the publicly held companies. Prime Minister Bratusek hopes foreign direct investments to increase.
September 20, 2013
Turkish Airlines Not Interested in Croatia Airlines
The Turkish airline carrier has denied rumors of acquiring states at Croatia Airlines.
September 11, 2013
Transport & Logistics - DB Schenker to Expand its Operations in Croatia
Simultaneously with the accession of Croatia into the EU, and thus the abolition of customs borders between Croatia and the EU countries, Schenker positions itself on that market as a potential logistics partner.
September 3, 2013 · Sponsored Content
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
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
Slovenia: Privatisations to Attract Investors
15 companies set for privatisation in Slovenia.
July 1, 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
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
Slovenia Pressed to Take “Swift and Decisive” Actions
On Monday Eurozone Finance Ministers warned Slovenia to take “swift and decisive” action to address its economic imbalances.
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
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
Cyprus Airways Threatened With Bankruptcy
According to Cyprian newspaper Fileleftheros, Cyprus Airways is about to fold.
April 4, 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
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