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Austrian Airlines to cut Airbus A330 fleet in 2007, save $40 million a year

2 November 2006

Austrian Airlines AG said Thursday it will eliminate its fleet of four Airbus A330 long-haul jetliners in 2007, a move the national carrier said will save it about $40 million (US$51 million) a year.

The airline’s board held a special meeting Wednesday to approve the plan to phase out the A330s, along with both of its Airbus A340-300 aircraft.

The reduction of the long-haul fleet means scheduled service to Shanghai will end on Jan. 7, flights to Phuket, Thailand, Mauritius and Colombo/Male, Sri Lanka, will stop at the end of April, and service to Katmandu, Nepal, will cease in May, Austrian Airlines said in a statement.

source: International Herald Tribune

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