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Lufthansa finalises Austrian Airlines move

8 September 2009

German 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.


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