Austrian Airlines for Sale
The Austrian government has decided to sell its share of Austrian Airlines and has published advertisements in the financial press offering its 42.75-perce

The Austrian government has decided to sell its share of Austrian Airlines and has published advertisements in the financial press offering its 42.75-percent share of the flag carrier. The government has attached a number of conditions to the sale, including an obligation to maintain Vienna as a hub, to maintain the name Austrian Airlines and to leave a minority share of 25 percent of the total stock capital in Austrian hands.

Apart from the government’s participation through state-owned investment agency OIAG, national institutional investors hold 10.2 percent of Austrian Airlines; floating stock constitutes the remainder. The Austrian Group fully owns the regional subsidiary Austrian Arrows and holiday charter line Lauda Air, as well as a 22.5-percent share in Ukraine International Airlines. The group operates a fleet of just over 100 airliners.