Merger between Lufthansa and Austrian Airlines
Auteur:
Yanesha
Catégorie:
National Company, Travel News
Tags:
Austrian Airlines, Lufthansa, merger
Heure:
31st August, 2009
Author: caribb
The airline based in Germany, Lufthansa and Austrian Airlines, the airline based in Austria have been approved for merger which will be valid as from September 2009. Lufthansa merger with Austrian Airlines will allow Austrian Airlines to benefit from 500 million euros in restructuring aid and an anti-trust immunity which are also reasonably adequate for Lufthansa. Furthermore, Lufthansa merger with Austrian Airlines will make possible for Lufthansa to pay the free-float shareholders of Austrian Airlines a sum of about 166 million euros for their shares.
Source: Lufthansa
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