Austrian Airlines Österreichische Luftverkehrs AG, AUA#

Austrian Airlines, Oesterreichische Luftverkehrs AG, AUA: founded 1957 the federal government, provincial and municipal governments and private shareholders each originally held one third of the shares; in 1998 the 51.9% of shares held by the Republic of Austria were taken over by Oesterreichische Industrieholding AG, which since the capital increase of 1999 has held the majority of shares (39,7%). AUA began flying between Vienna and London on March 31, 1958 and in 1969 AUA began transatlantic flights to New York. As of December 31, 1999, AUA employed a total of 4,885 people. In addition, AUA also holds 25 subsidiaries and participatory investments; the company wholly owns Tyrolean Airways and has a 36% stake in Lauda Air. AUA's operating revenues totalled nearly ATS 17.4 bn in 1999, its balance-sheet profit amounted to ATS 245.7 m; in 1999 AUA transported a total of more than 4.4 m passengers, 3.8 m of which took scheduled flights. The 37 passenger airplanes used by AUA are among the newest in the world, with an average age of just over 5.6 years (1999). AUA also transported 87,000 tons of air cargo in 1999. The Austrian Airlines Group (including Lauda Air and Tyrolean Airways) flies to 123 cities in 66 countries in all five continents (figures for 2000) Since 2000 AUA has been a member of the worldwide Star Alliance association (along with Lufthansa, SAS, Air Canada, United Airlines and others). H. Bammer and M. Rehulka have been managing directors since 1993. Aviation.

Further reading#