Austrian Airlines 737-600. By Rob Finlayson Loss-making Austrian Airlines (OS) has announced a €220 million ($280 million) restructuring program, which includes cutting routes, reducing staff costs and replacing its fleet of 11 Boeing 737s with up to seven Airbus A320s. New OS CEO Jaan Albrecht told ATW in Vienna that an aggressive change in the carrier’s cost structure is urgent. The airline is targeting a savings of up to €220 million this year “and this ...

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