Austrian restructuring plans to come tomorrow

Victoria
By Victoria March 14, 2012 08:23

Austrian restructuring plans to come tomorrow

Lufthansa has indicted that it will formally announce plans for the future financial health of subsidiary Austrian Airlines.
“In our role as shareholder, we support the Austrian Airlines management in efforts to ready the airline for tough competition in the future,” Austrian Airlines supervisory chairman and Lufthansa board member Stefan Lauer said.
Austrian Airlines needs to save €220 million in its bid to return to profitability.

Victoria
By Victoria March 14, 2012 08:23
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