Austrian Airlines Group confirmed yesterday that Saudi-Austrian investor Mohamed bin Iassa Al-Jaber wants to pull out of a deal to buy a 20% stake in the airline company worth €150 million ($231.3 million). AAG's main shareholder, state holding company OIAG, agreed terms with Al-Jaber in March to take the stake via a capital increase (ATWOnline, March 12). Austrian media reported over the weekend that Al-Jaber's attorneys sent a letter to AAG management informing them he wished to pull ...

Subscribe to Access this Entire Article

"Austrian's first-quarter loss gives Saudi investor second thoughts" 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?

Already registered? here.