News and Events
Press News
Airline Failure - Notification from Mind The Gap Year - Austrian Airlines
01/04/2009
Recent press
reports have brought the following to our attention:
“Austrian
Airlines Group executive board members Andreas Bierwirth and Peter Malanik said
Friday in Vienna that the company does "not have enough reserves to get through
the crisis" that helped push it to a €429.5 million ($550.3 million) loss in
2008, a reversal from the €3.3 million profit in 2007 and the worst result in
its history.”
