Austrian Airlines Group announced the flotation of 57.1 million new bearer shares. Subscription period begins today and ends Sept. 8. New shares will be issued with full subscription rights of the existing shareholders, and those shares not allocated to existing shareholders will be allocated to Mohamed bin Iassa Al-Jaber in an amount corresponding to 20% of the company's shares after taking into consideration the subscription rights exercised by existing shareholders, AAG said. Al-Jaber ...

Subscribe to Access this Entire Article

"Austrian to float shares despite investor's pullout" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.