The Austrian government's effort to privatize Austrian Airlines Group hit a snag as Air France KLM withdrew its interest while Lufthansa and S7 Airlines declined to make formal bids by yesterday's deadline and requested more time. State holding company OIAG had intended to announce the winning bidder on Oct. 27 and had targeted the end of the month to find a buyer for its 42.75% stake (ATWOnline, Sept. 12), with the Franco-Dutch, German and Russian companies emerging as frontrunners. An AF ...

Subscribe to Access this Entire Article

"Deadline for Austrian bid passes with no confirmed offers" 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.