6 JULY 2009


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Article from BTNews 6 JULY 2009

Austrian takeover could fail

AUSTRIAN AIRLINES takeover by Lufthansa is becoming somewhat protracted with a further two-week delay “at least”, according to reports coming from Vienna.  It would seem that the EU Commission is itself split over the deal with the transport division happy regarding the arrangement, but the competition people not keen for it to go ahead without deep restructuring.  Lufthansa has warned that it might not proceed if the conditions imposed by Brussels are too restrictive.  With the general economic outlook less than appealing this further holdup could in the end break the Germans resolve, another loss maker perhaps too heavy a burden to take on board. www.austrianairlines.co.uk

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