Austrian Airlines’ survival will be decided at a Lufthansa supervisory board meeting today, after Austrian’s pilots rejected a new wage deal proposed by the carrier’s CEO, Jaan Albrecht. Austrian’s board of directors was unable to finalize a restructuring plan that has been in the making for several months. With the pilots rejecting the deal, Austrian could now decide to move flight operations to its regional subsidiary Tyrolean in an effort to reduce staff costs. That move, however, ...


"Lufthansa Board To Decide Austrian’s Future Today" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.