Just yesterday, Lufthansa took control of Austrian Airlines, after working on the deal for the past 9 months. European Commission approvals were required before Lufthansa could take over. The airline bought over 90% of Austrian Airlines and plans to take over the remaining shares soon to bring its ownership to a full 100%. It is estimated that the purchase cost Lufthansa nearly 362 million euros (USD$514 million).
Austrian Airlines is the third European airline that Lufthansa has taken over this year. The other two are Bussels Airlines and BMI. If flying for an airline as large and successful as Lufthansa interests you — or if you prefer flying for a er airline closer to home — call Phoenix East Aviation and talk to an Admissions Officer about taking the first step — learning to fly. www.pea.com.