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Another election, another airline sale. Austrian on the block


There’s one thing about national elections. They focus the minds of politicians. Just as the Italian election forced Alitalia’s future into the foreground, so a snap election in Austria has provoked a similar deadline in Vienna for that country’s national flag carrier. An unspecified portion of the government’s 42.75% holding is to be available for sale to a strategic partner, with the conditions that Austrian core shareholders must retain 25% of the equity and the airline name, the Vienna hub and most employees must remain. [810 words]

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