Airline

Lufthansa Takes Over Austrian Airlines

Lufthansa Airlines last year signed an agreement to acquire a 41.6% stake in loss making Austrian Airlines (AUA) and last week the European Commission granted a cautious approval for the deal.   Austria had to make big concessions to secure the agreement including a €500 million (Dh 2,617m) payment.  Niki Lauda, owner of budget carrier Niki Airline and former Formula 1 world champion describe it as “The biggest catastrophe [for Austria] since the Second World War”. 

Finance Minister Josef Proell said the agreement is a “great success” following the European Commissions approval but the Austrian Chanceller Werner Freeman said it was an emergency solution.  He said he was relieved the deal went through but “When the taxpayer has to pay €500m that’s no success story.”  Mr. Lauda is satisfied with his part of the deal because his budget airline will now have seven new take off and landing slots in Germany, allowing him to expand next year.
 

More Airline
Emirates announces one-off A380 service to Islamabad
Emirates now offers two flights a day to Prague
Emirates launches service to London Stansted
Latest Travel News
Emirates now offers two flights a day to...
Corinthia Hotel London launches new luxu...
Emirates Palace Hotel Abu Dhabi launches...
Featured Sights To See
Mount Sinai

Mount Sinai

Sharm el Sheikh, Egypt

This name is usually referred to the range of several Mountains near Sharm El Sheikh. These mountains are termed as the ‘Holy Mountains’ by several religious sects. A peak of this range is held is deep reverence by Monks because they believe that Mosses received ten messages from God there. Muslims respect the same peak because their beloved Prophet’s horse progressed to Heavens from there. ...

Qatar Philatelic and Numismatic Club

Qatar Philatelic and Numismatic Club

Doha, Qatar

This club is extremely interesting and stamp collectors and enthusiasts are bound to love the stamp collection on display here. This would be a delightful way of learning about the history of Qatar and the victories that this proud nation has achieved over the years. Timings: not known Admission: not known Address: Al- Sadd Street, Al Sadd, P.O. Box 22010, Doha Tel: 974 432 329...

Shakir Ali Museum

Shakir Ali Museum

Lahore, Pakistan

This museum was established in the memory of Shakir Ali, an art professor who taught at the prestigious National College of Art. Apart from his personal belongings which are on display, his paintings and drawings are also showcased in a gallery. In addition to his work, the art of other contemporary artists are also on display. A research library containing a wide collection of art books is locate...

The Bahrain Fort

The Bahrain Fort

Bahrain, Bahrain

The Qala'at al-Bahrain (Bahrain Fort) is on the northern shore, five minutes from Manama city. The Portuguese constructed the fort in the 16th century, after which it fell into disrepair. However it has now been superbly restored to its former grandeur. Next door to the fort is an unmarked building that is the museum housing numerous artifacts from the ancient Dilmun period through to the Islamic ...