AUSTRIA: STUDY OF PRIVATISATION POTENTIAL

Article Abstract:

Morgan Stanley has conducted a study of the privatisation potential of Austrian Airlines, Bohler Uddeholm, Osterreichische Post, VA Stahl and VA Tech. The law on OIAG, the state holding company, does not provide for privatisation of these companies, and OIAG says that it did not order the survey. It is suggested that the study was ordered by OIAG's supervisory board chairman Alfred Heinzel, who is an advocate of privatisation. Morgan Stanley analysts see favourable conditions for the privatisation of Bohler Uddeholm and Osterreichische Post, whereas a privatisation of VA Tech is seen as problematic. Potential buyers for the Post include Deutsche Post, La Poste of France, British Post Office, UPS and FedEx. The investment bank sees a sale to a strategic partner as the only viable privatisation alternative for the Post. The attractiveness of the Post is, however, undermined by the strong political and trade union influence and the pension and job guarantees of the Post. Lufthansa and airline alliances are believed to be interested in Austrian Airlines and Rautaruukki, Corus and Usinor in VA Stahl, if the companies were privatised.

Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Economic Programs, Administration of Economic Programs, Primary Iron & Steel, Iron and Steel Mills and Ferroalloy Manufacturing, Public Mail & Express Services, Postal Services, Postal Service, Other General Government Support, U.S. Postal Service, Blast Furnace and Basic Steel Products, Government Enterprises-Total Govt, Economic policy, Austrian Airlines, Public enterprises, Morgan Stanley Group Inc., VA Stahl AG

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AUSTRIA: COMPOSITION OF AIR ALPS APPROVED

Article Abstract:

The creditors of Air Alps have accepted a 40% composition of the Tyrol airline. The creditors are to be paid Sch 53mn within 21 months. The continuing operation of the airline was made possible by a capital injection by a group of investors from northern Italy. Air Alps will continue to serve all existing routes and is considering to take up flights on the Linz-Salzburg-Brussels route.

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AUSTRIA/UK: NEW DESTINATION FOR RYANAIR

Article Abstract:

The Irish airline Ryanair is to launch two daily flights between London-Stanford and Salzburg on 5 April 2001. It will use a Boeing 737 plane for the service. Ryanair is considering no other destinations in Austria in the current year.

United Kingdom, Product introduction, Ryanair Holdings PLC

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