Lufthansa finalises Austrian Airlines move
8 September 2009German flag carrier Lufthansa has completed the takeover of rival Austrian Airlines following months of tense negotiations.
The Cologne based airline will pay around €166 million (£150 million) for private Austrian Airlines shares while also paying €350,000 for the stake presently controlled by the Austrian government.
In 2008, 10.7 million passengers flew with the Austrian Airlines Group to 120 different destinations. Austrian Airlines currently operates a fleet of 91 aircraft.
source: travelbite.co.uk
