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Austrian Airlines

euro adhoc: Austrian Airlines AG
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Exclusive negotiations underway with best bidder for Airest

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
16.12.2005
Within the framework of the bidding process for the sale of Airest
GmbH, the Board of Management of Austrian Airlines AG has decided to
enter into exclusive negotiations with the SAVE Group from Italy. An
extensive selection process was conducted together with the
investment bank CA-IB, from which the SAVE Group emerged as the best
bidder.
The assessment of the numerous attractive bids was conducted in
accordance with financial and qualitative criteria, as well as taking
into account the potential for future development of Airest. These
exclusive negotiations to finalise the contractual details are
expected to result in the transaction reaching a conclusion in the
first quarter of 2006. Both companies have agreed that the
transaction shall remain confidential until that point.
end of announcement                               euro adhoc 16.12.2005 07:30:29

Further inquiry note:

Konzernkommunikation:
Johannes Davoras
Johann Jurceka
Tel.: 051766-1231

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

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

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Plus de actualités: Austrian Airlines