EU: Confident Of Positive State Aid Solution For Austrian Air
July 09 2009 - 8:02AM
Dow Jones News
The European Commission's transport chief, Antonio Tajani, said
Thursday he expects Austrian state aid for struggling carrier
Austrian Airlines AG (AUA.VI) to receive the commission's green
light.
"We should be able to come forth with a positive solution,"
Tajani said.
The Austrian government has given Austrian Airlines EUR500
million to facilitate its takeover by Deutsche Lufthansa AG
(LHA.XE).
Both the takeover and the state aid have fallen under the
commission's scrutiny, and both must be cleared before the end of
the month for the deal to go through.
-By Peppi Kiviniemi, Dow Jones Newswires; +3227411483;
peppi.kiviniemi@dowjones.com