Lufthansa was the only carrier to confirm its interest in bidding for Austrian Airlines Group by the Tuesday deadline, Austrian competition authorities confirmed yesterday. However, the sale of the state's stake in the flag carrier remains up in the air following the suspension of AAG's shares and owing to LH's resistance to paying the full asking price. "Due to the current economic developments at Austrian Air and obviously differing negotiation positions, the success of the transaction is ...

Subscribe to Access this Entire Article

"Austrian at Lufthansa's mercy as bid deadline approaches" 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.

Already registered? here.