Austrian Airlines

euro adhoc: Austrian Airlines AG
Board of Directors (Appointments and Changes) / Chief Financial Officer Thomas Kleibl will leave the company by own request

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16.01.2008

CEO Alfred Ötsch to take over responsibilities

Thomas Kleibl, 48, Chief Financial Officer  of  Austrian  Airlines   AG  since  1 October 2001, has informed the Chairman of the Supervisory Board  that  he  will be resigning from his post at the next meeting of the Supervisory Board on  12 March 2008. Subject to the agreement of the Supervisory  Board,  the  Chief Executive Officer, Alfred Ötsch, will take  over  Mr.  Kleibl's responsibilities  on  the Board of Management.

Dr. Peter Michaelis, Chairman of  the  Supervisory  Board,  said  the following about Mr. Kleibl's decision: "We regret the resignation of Mr. Kleibl. During  a period of great change  at  Austrian  Airlines, Mr.  Kleibl  demonstrated  huge commitment  and  specialist   knowledge  and  implemented    important    measures, including the reduction of the net debt of the Group  by  EUR  1.4  billion.  He made a decisive contribution to putting the organisation where it   finds  itself today, in a position where it enjoys a significantly stronger capital  structure and is once again generating positive operating results."

Mr. Alfred Ötsch, a proven financial expert in his own  right,  will take  over the responsibilities of Mr. Kleibl. The Board  of   Management  continues  to  be occupied by decisionmakers of the very highest calibre in its two  new  members, Dr. Peter Malanik (since 1 January 2008)  and  Dr.  Andreas  Bierwirth  (from  1 April 2008). Mr. Kleibl himself will remain  available  to  the  company  in  an advisory  and  support  role  throughout  this  period  of   transition  of    his responsibilities to Mr. Ötsch.

Rückfragehinweis:  Österreichische  Industrieholding  AG:  Mag.     Anita    Bauer, Dresdner Strasse 87, 1201 Wien, Tel.: +43/1/711   14-240,  Mobil:  +43/664/13  40 333, anita.bauer@oiag.at, www.oiag.at.

Die Angaben  zur  Offenlegung  gemäß  §§  24  und  25  Mediengesetz   sind  unter www.austrian.com auffindbar / Please find  further   information  concerning  the disclosure according to §§ 24 and 25 Media Act on www.austrian.com

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ots Originaltext: Austrian Airlines AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Corporate Communications:
Livia Dandrea-Böhm
Tel.: 051766-11231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 13311

Branche: Air Transport
ISIN:      AT0000620158
WKN:        875224
Index:    WBI, ATX Prime, ATX
Börsen:  Wiener Börse AG / official market



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