If you’re in the market for an airline, the Austrian government wants to sell its share of Austrian Airlines, according to a report by Aviation International News. The government is advertising in the financial press offering its 42.75 percent share of the carrier.
There’s some conditions to the sale, AIN said. A buyer must agree to keep Vienna as a hub, to keep the name Austrian Airlines and to leave 25 percent of the total stock capital in Austrian hands, the report said.
The airline lost nearly $74 million in the first half of the year and expects another loss of $103 million to $133 million in the second half.
The majority of board members reportedly prefer a partnership with German airline Lufthansa. Other potential partners include Air France-KLM, Aeroflot and Turkish Airlines, the report said.