The new CEO of Austrian Airlines said the carrier needs more financial strength before it can make needed investments in fleet renewal. “We need to be able to invest. As of today, Austrian Airlines has not reached that capability yet,” said CEO Alexis von Hoensbroech, who became CEO Aug. 1. The Lufthansa subsidiary reported an adjusted EBIT of €86 million ($99.8 million) for the first nine months of 2018, a 14% year-over-year decline. “The third quarter is the ...

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