Austrian Airlines

euro adhoc: Austrian Airlines AG
Board of Directors (Appointments and Changes) / Alfred Ötsch resigns as Chief Executive Officer of Austrian Airlines

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Dr. Peter Malanik and Dr. Andreas Bierwirth to assume responsibility for duties

Alfred Ötsch, 55, Chief Executive Officer of  Austrian  Airlines  AG since 1 May 2006, will be resigning his mandate as  of  31  January   2009.  Subject to  the consent of the Supervisory Board, his duties on the Board of Management will  be taken over by the COO Dr. Peter Malanik  and  CCO  Dr.  Andreas Bierwirth.  The termination  is   mutually  agreed  and  in  accordance  with his  contract of employment.

CEO Ötsch made the following statement  regarding  his  decision:   "After  three intensive years with Austrian Airlines, this step is designed to  enable  a  new beginning  at  the  company,  including   at  the  level  of  management.  Having cooperated closely with my   colleagues  on  the  Board  of  Management  and  the Supervisory Board while introducing  the  necessary  change  of  course  towards partnership, I am glad that the privatisation  has  now  moved  into its  final stages with Lufthansa, the best possible partner for the Austrian Airlines Group."

The Chair of the Supervisory Board, Dr. Peter Michaelis, said the following:  "I would like to thank Alfred Ötsch for his commitment over the past  three  years, particularly the  constructive   contribution  he  made  in  the  course  of  the privatisation process. With the support of management, it has eventually  proved possible to achieve a long-term and above all sustainable solution for Austrian Airlines."

Please find further information concerning the disclosure according   to  §§  24 and 25 Media Act on

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

Investor Relations
Thomas Krammer
Tel.: 051766-13311

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

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