The AUA should not need the requested 767 million euros in government aid, but only around 650 million euros CFO Wolfgang Jani confirmed at a speech Hour, a video conference with the employees that the financial requirements are lower, did not mention any amount.
The bank loans guaranteed by the state financing agency Cofag, which will run until 2026, are expected to account for around 300 million. The negotiations with the credit institutions are now much easier. The rest is divided equally between the Republic’s equity injection Austria and a grant from the Lufthansa.
Holiday flights again in summer
As a reason why AUA now needs less support Jani the restart, which could start earlier than planned. Flight operations could start in the second half of June. Business bookings are starting slowly. If the borders are open, holiday flights can start in July and August, especially after Greece.
With the state holding company Öbag the requirements for securing the aviation site are negotiated. The negotiations circle around the sanctionability, if the AUA or the Lufthansa does not meet the guarantees promised for state aid. Republican veto rights are also being negotiated.
Another topic is the filling of positions in Austria. Private Aviation Foundation. This foundation was established between AUA and Lufthansa confiscated the traffic rights of the AUA except for EU to secure. The majority of the board of trustees are Lufthansa employees. Austria is made by the industrialists Karin Exner-Woehrer and represented Veit Schmid-Schmidsfelden.
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