Austrian Airlines

euro adhoc: Austrian Airlines AG
Austrian takes further step towards fleet harmonisation

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Long-range Airbus A340-200 aircraft sold - application to acquire replacements at next Supervisory Board meeting

The Austrian Airlines Group has managed to take another important step towards the harmonisation of its fleet. Today, 15 September 2005, it was announced that a contract has been signed with a French financial investor for the sale of two Airbus A340-200 aircraft. Following delivery work, the jets will be delivered one at the end of the 2005/06 winter schedule and the other at the end of the 2006 summer schedule. The two companies agreed to keep the sale price confidential. An application to acquire replacements for the two long-range aircraft will be presented to the Supervisory Board of the Austrian Airlines Group at the end of September.

The Group’s Chief Financial Officer, Thomas Kleibl, also asserted the benefits for the Technical Services Division, for which he is responsible on the Board of Management: ‘With this sale, we are taking the first step towards harmonising our long-range fleet. With just 257 seats, the Airbus A340-200 is a relatively small, cost-intensive four-jet long-range aircraft with low revenue potential.

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ots Originaltext: Austrian Airlines AG
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Further inquiry note:
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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