Since Thursday permanently under the wing of Deutsche Lufthansa
AUA has landed in the port of marriage
Jubilation, excitement, joy: Lufthansa boss Wolfgang Mayrhuber is evidently great pleasure in the red uniforms of the stewardesses AUA. Foto: apa / Hans-Klaus Techt
Jubilation, excitement, joy: Lufthansa boss Wolfgang Mayrhuber is evidently great pleasure in the red uniforms of the stewardesses AUA. Foto: apa / Hans-Klaus Techt
By Karl Leban
Rapid enumeration of reorganization plans, a further reduction threatens.
Bullets Lufthansa CEO: "The AUA has a cost problem."
Vienna. Begehrenswert AUA was never a bride, but now she has eagerly awaited their partner. After a fierce tug of war, after months of anxious waiting, the heavily subscribed airline has landed at last on Thursday in the port of marriage. Good for half a century was the AUA go solo - and the more badly. Since yesterday, she now flies under the wing of Deutsche Lufthansa. With the largest airline in Europe, it will go up again.
After the blessing of the EU's competition watchdog yesterday was the consummation of the change in ownership and the closing, only a formality. Lufthansa boss Wolfgang Mayrhuber and OIAG CEO Peter Michaelis began last signatures on the contracts - more than 90 percent of AUA's shares officially changed hands.
In a press conference at Vienna airport Michaelis called the privatization of AUA as the date of the most complicated transaction OIAG: "It was a difficult birth, a lot of hard work. But it has paid off. I am sure that we have no better partner than Lufthansa could be found. " The great uncertainty of recent months was over and the future of the AUA is now sustainable, "said the head of the state industrial holding company. Ebenso gelte dies f?r jene rund 65.000 Jobs in ?sterreich, die direkt oder indirekt an der AUA h?ngen.
Positive Cash Flow
The fact that the airline is still burning cash, Lufthansa will certainly change in the foreseeable future. According to the stipulations Mayrhuber, AUA will provide early as next year turnaround by making a positive cash flow einfliegt. I will then set the bar so that the AUA as soon as possible would be operationally profitable, said Mayrhuber.
Thither to come, the AUA will squeeze but still some. Mayrhuber: "We want red uniforms, but not the red." Once again, stressed the head of the crane-line, that the AUA was not a product problem, but a cost problem.
As reported, the AUA is currently in the midst of the restructuring phase. Several austerity packages are already underway. By the year 2011 a single cost 200 million euros will be saved permanently. Whether this is enough to get into the profit zone? The AUA management does not preclude further austerity measures, at least. "The road will remain rocky," admitted CEO Andreas Bierwirth. Going with the big engines of Lufthansa "Although it easier for the synergies from the merger alone would not be enough to turn the result back into a positive one, added board member Peter Wirth Beer Malanik. For the rest, save in times like these, Permanentaufgabe for management.
The pen is seasonal savings
On Thursday have new speculation made the rounds, which could fall at the AUA further 500 jobs to the savings pen victim. Currently, the airline employs about 7,300 employees. According to present plans, the headcount will be going down to 6,500 employees by the middle of 2010. If the already bleak situation in the industry continue to deteriorate, which could in the end only about 6,000 bodies remain as it is now rumored to say.
It was important to all cases, the AUA to surgically positive - ideally within two to three years ", as Bierwirth said the Austria Press Agency. For the AUA should only grow again if it had executed the requirements of the EU (15 percent capacity reduction) and also was profitable. "This champagne corks, which is there on it, we have to remove as quickly as possible," said Bierwirth.
As the integration of the AUA in the Lufthansa Group is to go specific OPERATIONS WERE CARRIED wanting to AUA Board in four to six weeks to present to the public. Will then be announced Accurate As the future shape of the network and the capacity of the airline. Aims at the catering by Do & Co catering Nobel, nevertheless, remain, announced Bierwirth. Especially since the food is next to the friendliness of the staff and the widespread network in Eastern Europe one of the three pillars of Austrian Airlines.
Stefan Lauer, who is responsible within the Lufthansa Executive Board for the integration of acquired airlines, as also pointed out that the AUA Group in their autonomy, their own identity, but will retain its special profile further. This Steuerungsphilosopie had already proven itself with the takeover of Swiss. Lauer, who also takes in the executive chair of the new AUA Board Square (Mayrhuber considers only a simple member of one), but added that the AUA, the new strength of itself must develop, albeit in close cooperation with Lufthansa.
Current Board remains
In the words Mayrhuber this cooperation with the recent AUA Executive Board team is to be continued. "Speculation about Personalia because it is totally inappropriate," said Mayrhuber towards Malanik and Bierwirth.
When the AUA will be taken from the stock market is still unclear. The preparatory work for the squeeze-out, the exclusion of minority shareholders, however, have been ongoing.
ref:-http://www.wienerzeitung.at
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