newstodate.aero
OCT 12, 2004 (newstodate): Claiming to hold already some 30 percent of Slovakia's market for air transportation, Austrian Airlines says it will want a majority stake in Slovak Aerlines.
The Slovak ministry of transportation has temporarily postponed the privatisation of Slovak Airlines due to the company's uncertain financial situation.
To alleviate this, a request has been made to the Austrian Airlines Group to contribute to the stabilisation of Slovak Airlines. Austrian has declared that it is prepared both to provide management capacities and to support Slovak Airlines in raising the necessary funds of up to EUR 5 million.
Should the privatisation process continue, the Austrian Airlines Group is quite interested in a participation in the company up to a majority shareholding. In this case the Austrian Airlines Group would maintain the Slovak identity of the company, the company says.
The Slovak ministry of transportation has temporarily postponed the privatisation of Slovak Airlines due to the company's uncertain financial situation.
To alleviate this, a request has been made to the Austrian Airlines Group to contribute to the stabilisation of Slovak Airlines. Austrian has declared that it is prepared both to provide management capacities and to support Slovak Airlines in raising the necessary funds of up to EUR 5 million.
Should the privatisation process continue, the Austrian Airlines Group is quite interested in a participation in the company up to a majority shareholding. In this case the Austrian Airlines Group would maintain the Slovak identity of the company, the company says.