Lufthansa agrees to buy Austrian
from times wire reports
Lufthansa said its supervisory board had approved a deal to acquire Austrian Airlines, giving one of Europe’s biggest airlines more routes across the continent and beyond.
Lufthansa, based in Cologne, Germany, said its board had agreed to acquire the 41.6% stake held by Austria’s privatization agency, or OeIAG, for 366,000 euros ($463,000) and, pending the Austrian airline’s performance, pay an additional 162 million euros.
