Austrian state holding company OIAG said yesterday that it "will only hold concluding talks with Lufthansa" regarding the privatization of Austrian Airlines Group and that "S7 [Airlines] and Air France KLM are no longer in the bidding process." OIAG now holds 41.6% of Austrian. According to press reports, OIAG indicated that S7's bid did not conform to EU specifications and AF KLM's did not arrive in time. LH reportedly has offered approximately €360,000 ($451,609) for OIAG's stake and ...

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