News: Lufthansa took over Austrian Airlines - Paravion

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09 Dec 2008

Lufthansa took over Austrian Airlines

German Lufthansa Group has signed Friday an agreement to takeover the company Austrian Airlines (AUA), thus becoming the largest air operator in Europe, in direct competition with Air France KLM and British Airways. At first, Lufthansa will acquire a holding of 42% to AUA, from the Austrian state, but aims to take over the whole company operation estimated to 377 million euros, after receiving the EC.
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