Austrian Airlines needs pilot concessions to maintain Lufthansa's backing
Distressed Austrian Airlines seemed to have been rescued for good when Lufthansa bought it in 2009, but three years later and with little restructuring success visible, its days seem numbered. According to company officials, Lufthansa has developed a scenario to let the airline go into insolvency if no last-minute solution is found to the persisting structural cost disadvantages. As part of that option, a new carrier would be built following the model of Tyrolean Airways, Austrian's ...
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