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Report: Sale of Austrian Airlines postponed

Report: Sale of Austrian Airlines postponed

Austrian media are reporting the sale of Austrian Airlines is being postponed.
The Austria Press Agency cites a Finance Ministry spokesman as saying Monday that a privatization mandate given to the state holding company OeIAG will be extended until Dec. 31.
Austria's government decided in August to privatize its roughly 42 percent share in the ailing flagship carrier, which is steeped in 900 million euros ($1.1 billion) debt and recently announced it expects a net loss of up to 125 million euros ($156 million) for the 2008 fiscal year.
Deutsche Lufthansa AG, Germany's biggest airline, is reported to be the only potential buyer in the running.


Updated : 2021-07-25 23:49 GMT+08:00