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
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Art Jameel - Poetry to Politics on displ...
Visit Vaud in Switzerland this summer...
Abu Dhabi Festival Co-production of The ...
Featured Sights To See
Central Market

Central Market

Phnom Penh, Cambodia

Distinguished with its historic yellow dome, central market is home to several shops. It is not just a traditional landmark, but also an epitome of Khmer architecture. The central point of the market sells a beautiful range of gems and jewelry. Whereas the central entrance walk is cramped with several vendors and stalls, selling souvenirs, handicrafts, silk fabrics, karmas, cravings, statuary, and...

Museu Nacional d'Art de Catalunya

Museu Nacional d'Art de Catalunya

Barcelona, Spain

The Museu Nacional d'Art de Catalunya is housed in the Palau Nacional, a magnificent showcase of paintings and sculptures from Catalan. ...

Church of St Mary

Church of St Mary

Isfahan, Iran

Address: Jolfa Square, Jolfa neighborhood . This is another prominent church within Jolfa, a bit smaller, and treated with simplicity and elegance. A charming courtyard and the smaller Hacop Church are also contained within the premises of this impressive building.                    ...

Kiasma Museum of Contemporary Art

Kiasma Museum of Contemporary Art

Helsinki, Finland

This Museum has all the contemporary work of Finnish artists and those from neighboring countries. The place also hosts various exhibitions around the year to entertain tourists and to display the cultural and historic side of Finland. The museum building itself is a work of art and is worth a visit on your trip to Helsinki. Entrance fee for adults is 7 Euros while for students it is 5 Euros. Visi...