15-Jul-2009 4:40 PM
Austrian Airlines rebounds, Lufthansa, Air France-KLM and British Airways gain
Analysis
Shares in Austrian Airlines rose 7.6% yesterday as the Supervisory Board stated that if the takeover bid by Lufthansa fails, the carrier will require a bailout of approximately EUR1 billion from Austrian Government. Chairman of Supervisory Board, Peter Michaelis, has positive sentiment towards the takeover proceeding.
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