Austrian to become German

AUSTRIAN AIRLINES is to become part of Lufthansa (LH) “sometime in September” following the European Commission finally approving LH bid for the loss making carrier.  Certain conditions have been met including service reductions and the giving up of slots on routes from Vienna to Brussels, Cologne, Frankfurt, Munich and Stuttgart, although under the present economic conditions this is unlikely to have much effect.  €500m of so-called “restructuring assistance” from the Austrian government is involved.  LH says it plans to operate Austrian as an independent subsidiary as part of its strategy of becoming a "system of independent airlines" with multiple European power bases, a sister company to Swiss. www.aua.com

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