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AUSTRIAN AIRLINES TO GAIN MAJORITY CONTROL OF LAUDA AIR

VIENNA, Austrian Airlines' supervisory board chairman, Rudolf Streicher, said the airline is in talks with Lufthansa, on buying its 20 stake of Lauda stake to gain the majority control of the airline founded by the formula one racing champion Niki Lauda. Austrian Airlines already owns a 36% stake and, being unhappy with Lauda Air's performance, it wants to restructure the unit to reduce mounting losses...

AVIONEWS - World Aeronautical Press Agency - 3977
Rome, Italy, 11/13/2000 16:15
AVIONEWS - World Aeronautical Press Agency

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