Austrian Airlines passed a resolution to squeeze out remaining minority shareholders, who will be paid €0.50 ($0.73) per share. Transactions "probably" will take place in the first half of 2010, it said. Lufthansa subsidiary Osterreichische Luftverkehrs Holding currently holds 95.4% of the company.
Subscribe to Access this Entire Article
"Other News - 12/17/2009" 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.