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
Turkish Airlines launches new cabin crew uniforms
Emirates voted ‘Best Business Airline’ and ‘Best Airline – Long-Haul Holiday’ by Conde Nast Traveller readers
Tourism to contribute SR118 billion to Saudi Arabian economy by 2020
Latest Travel News
Emirates voted ‘Best Business Airline’ a...
Tourism to contribute SR118 billion to S...
Emirates Palace Abu Dhabi to celebrate M...
Featured Sights To See
The Numismatic Museum

The Numismatic Museum

Athens, Greece

This museum was home to famed archaeologist Schliemann whose excavation of Troy made him a well known figure around the world. On display are over 50,000 Greek coins made of bronze, silver and gold. These are intricate pieces of art and worth looking at.   Timings: Daily [except Monday] 8 A.M- 2:30 P.M. Address: 12 Panepistimiou Admission: 3 EUR Tel: 210-364-3774   ...

Bab Sabah Street Market

Bab Sabah Street Market

Sanaa, Yemen

Address: street market, from the Shari’ Ali’ Abdul Mughni to the entrance to Old Sana'a This large open-air flea market is a sight to behold, especially in the early afternoon. You can grab a cup of steaming local tea and take a seat, just watching locals hustling by. Or take a slow stroll down the main aisle, glancing sideways at every intersection, losing yourself to sounds and smells that ...

Dubai Dolphinarium

Dubai Dolphinarium

Dubai, United Arab Emirates

The Dubai Dolphinarium is the first of its kind in the Middle East.  The main attraction is the dolphin shows, held two or three times daily.  Marvel at the agility, grace, and intelligence of these magnificent creatures.  Twenty minute dolphin swims are also available to visitors.  It may be a bit expensive, but swimming with dolphins is a unique and profound experience. ...

Atashkadeh

Atashkadeh

Isfahan, Iran

Address: western outskirts of Isfahan, near intersection of Amir Kabir Road with Atashgah Avenue Timings: 830am to 5pm Tickets: IRR 2000 Located on a hilly mound outside the city, the Atashkadeh is a fire temple that dates back to the Sassanian era. Seen from a distance, as you approach it from the east on Atashgah Avenue, it bears a striking resemblance to the Greek Acropolis at At...