Wednesday, September 28, 2011

AUA at odds with India

Online newspaper Austrian Aviation Net reported that the government of the economically prospering Asian country asked AUA to disclose information considering its ownership. AUA is operating between Vienna International Airport (VIA or VIE) and aerodromes in Mumbai and Delhi based on a bilateral agreement between Austria and India from 1999. Now the Indian government wants to review the cooperation considering Lufthansa’s acquisition of a major stake in AUA.
The emerging dispute bears resemblance to a feud between Austria and Russia which erupted after the takeover which took place in 2009. Russian leaders argued AUA was not an Austria airline anymore due to the deal between the German airline, AUA and the Austrian government of Social Democrats (SPÖ) and the People’s Party (ÖVP). Russia eventually allowed AUA to keep offering links between Austria and the Eurasian country. However, the current agreement is only a temporary one. It may be turned into a permanent partnership in talks set to take place next month, according to Russian business papers. The country’s decision-makers recently changed their mind on the ownership of airlines by setting up a new legal framework for aviation firms owned by enterprises based in countries which are part of the European Union (EU).
27/09/11 Austrian Independent
To Read the News in full at Source, Click the Headline

0 comments:

Post a Comment