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Austrian Airlines

euro adhoc: Austrian Airlines AG
Supervisory Board decides to extend Board of Management contracts and streamline divisions

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Chief Financial and Commercial Officers confirmed for further terms 
and positions reappointed from October 2005 onwards
Reorganisation of Board of Management divisions intended from 1 April
2005: following successful period in office and expiration of
contract term, Chief Operations Officer to take well-earned
retirement from end of September 2005
Two more members of management team awarded full power of attorney
Supervisory Board approves purchase of six additional Fokker 100
aircraft
In its meeting of 9 December 2004, the Supervisory Board of the
Austrian Airlines AG took a number of decisions to ensure a
successful continuity at top management level and streamline the way
in which the Board of Management divisions are run in future.
Reappointments to the Board of Management
The Board of Management contracts of the Chief Financial Officer Ing.
Mag. Thomas Kleibl, 45, and Chief Commercial Officer Dr. Josef E.
Burger, 52, both of which were due to expire at the end of September
2005, have now been extended for a further period of four years (i.e.
from October 2005 until 2009). Chief Operations Officer Dr. Walter
Bock, 60, having contributed many years of successful service to the
company, has now decided to step down and enjoy his well-earned
retirement when his own contract expires at the end of September
2005. Because the current contract of the Chief Executive Officer,
Vagn Soerensen, runs for a year longer than his colleagues, until
end-September 2006, the Supervisory Board has not yet convened to
discuss whether to approve a reappointment.
Reorganisation and streamlining of Board of Management departments
To implement this reorganisation as rapidly as possible, this should
be completed by 1 April 2005. The production departments of Flight
Operations, Technical Division and Ground Operations will now be
divided between other Board of Management departments on the basis of
new, more sensible areas of responsibility.
In addition to his own previous duties, Chief Executive Officer Vagn
Soerensen will now take Board of Management responsibility for the
Production Companies. The Board will be ably supported in this field
by the Managing Director for the Austrian Production Company, Capt.
Mag. Christian Fitz, who will operate in a horizontal coordinating
function for overall production and its quality monitoring in the
Austrian Airlines Group.
Chief Financial Officer Ing. Mag. Thomas Kleibl, who has a strong
technical background in addition to his financial and controlling
expertise, will now take responsibility on the Board of Management
for the Austrian Technical Division. With its current expenditure
volume of approximately EUR 240 million, this division also
represents a key financial factor for the Group.
Chief Commercial Officer Dr. Josef E. Burger will take on the
additional Board of Management duties associated with the area of
Ground Services, a sensible move designed to unite all our product
design and customer service departments within his division.
From April until his retirement at the end of September next year,
Chief Financial Officer Dr. Bock will be able to offer the Group his
far-reaching experience in the position of Special Advisor, as well
as working on special projects.
Other conferrals of full power of attorney
In an effort to further strengthen the support given to the Board of
Management by second-level management, two further members of the
management team have been awarded full power of attorney. Johannes
Davoras, 42, Vice President for Corporate and Market Communications,
Internal Communications, Advertising, Corporate Identity and
Emergency Provisions, and Rainer Pichler, 39,  Vice President for
Information Systems and Process and Project Management, are now to be
appointed full power of attorney in their responsibilities.
Purchase of additional six Fokker 100 aircraft approved
In addition to the nine F 100 aircraft already purchased, which are
currently in the process of being  delivered, adapted to Austrian
standards and put into service with Austrian arrows, the Supervisory
Board has now approved the purchase of another six aircraft of this
type within the scope of the medium-haul and long-haul corporate plan.
end of announcement                    euro adhoc 09.12.2004 15:17:55 

Further inquiry note:

Corporate and Market Communications:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

Investor Relations
Dr. Prisca Havranek-Kosicek
Tel.: 051766 - 3642

Branche: Air Transport
ISIN: AT0000620158
WKN: 062015
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

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