Vienna - The Austrian government will have to rescue Austrian Airlines AG if the privatisation process fails, Transport Minister Werner Faymann said Wednesday, as he announced that there was one valid bid for the ailing flag carrier.
While Faymann left it open whether there was another, incomplete, offer, the government holding OeIAG said it would stick to its schedule and announce a decision Monday on the sale of its
42.75-per- cent stake in Austrian Airlines.
As the privatisation faced uncertainty, the price of Austrian Airlines shares crashed to 2.9 euros (3.9 dollars) on the Vienna stock market, a decline of 28.9 per cent from yesterday.
The increasing problems for the Indian Carriers due to rising expenses, especially the rise in aviation fuel recently initiated an unwanted episode of firing of employees.
Following this, the owner of Kingfisher, Vijay Mallya approached the Parliament and Naresh Goyal of Jet Airways knocked the door of finance minister P Chidambaram with the aim to get tax relief for airlines.
“Job cuts and layoffs coupled with high aviation turbine fuel (ATF) prices and larger taxes can affect in the number of flights which is likely to go down,” reported Mallya.
Vienna/Paris - The privatisation of Austrian Airlines AG is facing uncertainty as Air France-KLM said Tuesday it had dropped its bid, and a newspaper reported that Deutsche Lufthansa AG had also not submitted a formal offer.
According to the Austrian newspaper Die Presse, only the Russian S7 Airlines submitted a valid bid by the deadline on Tuesday at midday.
Vienna/Paris - Air France-KLM has dropped its bid for Austrian Airlines AG, a spokesman said in Paris on Tuesday.
With the French-Dutch airline out of the race for buying the 42.75-per-cent stake of the Austrian flag carrier currently owned by the state, German Deutsche Lufthansa AG and Russian carrier S7 are likely the only other contenders.
However, Air France-KLM had informed Austrian Airlines that it was interested in continuing talks, the spokesman said.
Earlier, Air France-KLM had complained about the high price and a lack of transparency regarding the Austrian company's books.
New Delhi, Oct 21: Deccan Aviation Limited has been directed by the State Consumer Commission to pay a passenger Rs 30,000 as compensation for putting him into inconvenience by abruptly cancelling its Kullu-Delhi flight for four days at a stretch.
The Commission said that the airlines-service provider was responsible to keep the flights in perfect order and not to put the passengers in unnecessary inconvenience and mental stress by keeping them waiting or sending them back as they might be having some urgent business engagements or assignments.
The increasing problems for the Indian Carriers due to rising expenses, especially the rise in aviation fuel recently initiated an unwanted episode of firing of employees. 
New York - United Airl
Vienna/Paris - The privatisation of Austrian Airlines AG is facing uncertainty as Air France-KLM said Tuesday it had dropped its bid, and a newspaper reported that Deutsche Lufthansa AG had also not submitted a formal offer.
Vienna/Paris - Air France-KLM has dropped its bid for Austrian Airlines AG, a spokesman said in Paris on Tuesday.
New Delhi, Oct 21: Deccan Aviation Limited has been directed by the State Consumer Commission to pay a passenger Rs 30,000 as compensation for putting him into inconvenience by abruptly cancelling its Kullu-Delhi flight for four days at a stretch.
