My profile:
S7 is offering to pay the Austrian government 300 million euros ($377 million) for its stake in Austrian Airlines, Wirtschaftsblatt newspaper reported, citing an unidentified S7 spokesman.
S7 wants the government to assume the same amount of Austrian Air debt as it would in the case of Deutsche Lufthansa, the Vienna-based newspaper said in a preview of an article to be published Wednesday.
Lufthansa is proposing to pay a nominal price for the carrier and has demanded that Austria take on 500 million euros of the airline's debt, the newspaper said.
The financing of the purchase price is secured, the spokesman said. S7, which has an "extensive concept" for the airline and the Vienna airport, does not plan to cut any jobs or destinations as it needs this to "maintain its growth plan," the report said.
The Austrian government is in the process of selling its 42 percent stake in the country's largest carrier.
S7 Said to Offer $377M for Austrian Airline
29 October 2008
Bloomberg
Discussion
Comments
To post comments you must be registered
Comments via Facebook
Most Read
1.
14 Million New Migrants Flocked to Russia in 2011
Almost 14 million foreigners and stateless people legally arrived in Russia last year.
2.
Russia to Buy Icelandic Underwater Drones
The Defense Ministry plans to spend 729 million rubles ($24.5 million) on eight underwater drones made by Icelandic firm Teledyne Gavia.
3.
Moscow Ready for Dueling Protests
Forecasts say the temperature in Moscow will be about minus 16 degrees Celsius Saturday when tens of thousands of people will take to the streets, both in support of and in opposition to Prime Minister Vladimir Putin's run for the presidency.
4.
Youth Group Leader in Leak Scandal
The official in charge of Russia's pro-Kremlin youth groups found himself embroiled in scandal Thursday after hackers posted links to what they claimed were thousands of his private e-mail messages.
5.
A More Realistic Vision of Russia's Greatness
Perhaps the central message of the collapse of Soviet communism can be summed up as follows: If it is to survive and flourish on the world stage, Russia needs to develop a different kind of realpolitik.
6.
Pro-Putin Film Twists Foes' Words
Distinguished opposition leader Mikhail Kasyanov excoriated the government in a documentary aired Wednesday night on state-controlled Channel One.
7.
When Being an American Is a Diagnosis
What is национальность?
Dictionaries tell you that it's ethnicity: принадлежность человека к этнической общности, отличающейся особенностями языка, культуры, психологии, традиций, обычаев, образа жизни (a person's identification with an ethnic group that is distinguished by a distinctive language, culture, psychology, traditions, customs and way of life).
Dictionaries tell you that it's ethnicity: принадлежность человека к этнической общности, отличающейся особенностями языка, культуры, психологии, традиций, обычаев, образа жизни (a person's identification with an ethnic group that is distinguished by a distinctive language, culture, psychology, traditions, customs and way of life).
8.
Tymoshenko's Daughter Says Mother Has Been Tortured
The daughter of former Ukrainian Prime Minister Yulia Tymoshenko told U.S. lawmakers that her mother is being tortured in prison.
9.
Litvinenko's Father Recants Charge
The father of FSB-officer-turned-Kremlin-critic Alexander Litvinenko called his son a "British spy" and said he no longer believes Russian authorities were responsible for his death.
10.
Families Worry Rig Tragedy Being Swept Away
As the anti-election fraud protest at Prospekt Akademika Sakharova raged around her, Yelena Bogush seemed out of place.
1.
Why Putin Is So Scared of Debates
Putin has always been the ultimate "Teflon president" — but certainly not in the Ronald Reagan sense of the word. Putin's brand of Teflon is clearly made in Russia. Because he wants to avoid uncomfortable questions about his decade-long rule, Putin is once again refusing to participate in presidential debates.
2.
From Protest to Nausea
The history of successive authoritarian regimes in Russia reveals a recurring pattern: They do not die from external blows or domestic insurgencies.
3.
Putin's Aide Raises Doubts on Ruling Tandem
Vladimir Putin's elections campaign manager has cast new doubt on the continuance of the ruling tandem by suggesting that President Dmitry Medvedev should do more to support the prime minister's bid to return to the Kremlin.
4.
Putin Says He's Prepared for Runoff
Prime Minister and leading presidential candidate Vladimir Putin acknowledged for the first time Wednesday that he might face a runoff in the March election but warned that it might result in the "destabilization" of the country.
5.
Exiled Russians Plan Corruption List
A group of Russian businessmen calling itself the International Anti-Corruption Committee is creating a list of 50 corrupt government officials and plans to present proof that Prime Minister Vladimir Putin stole hundreds of millions of dollars.
6.
British Oil Executive Fractures Skull on Fall From Airplane Stairs
TNK-BP vice president and UK native Alexander Dodds was hospitalized with a skull fracture after falling from stairs when exiting a plane at Moscow's Vnukovo Airport.
7.
Putin's Nationality Dilemma
In Prague, tourists line up to visit the "New-Old" synagogue, which was new when it was built, in 1270. On Jan. 23, Prime Minister Vladimir Putin published an essay on the "national question" in Nezavisimaya Gazeta. Like the Prague synagogue, Putin's article is something that is called new, but in fact, it is quite old.
8.
Hundreds of Drivers Call for Fair Elections
Hundreds of cars with white ribbons, banners and balloons drove around Moscow's Garden Ring Road on Sunday afternoon to demand fair elections and urge Prime Minister Vladimir Putin to step down.
9.
British Spy Story Tailor-Made for an Election Year
In 2006, an exposé about British "spy stones" in a film by pro-Kremlin television journalist Arkady Mamontov set off a media storm. The story was so advantageous for the Kremlin that many commentators suspected that the device was not real and that the whole story was a fabrication created to justify a government attack on nongovernmental organizations that were active in Russia.
10.
Businessmen Cautious About Protest
As Moscow braces itself for this weekend's street demonstration against disputed December elections, Russian businessmen on Wednesday expressed their disquiet with the protest movement and the goals articulated by its leaders.
1.
Election Webcam Installation Begins
In a city that was once the cradle of Russian democracy, an unprecedented new campaign kicked off over the weekend to install web cameras in every polling station around the country in an effort to prevent voting fraud.
2.
Russian Warships Pay Visit to Syrian Port
Two Russian warships arrived in Syria on Sunday, news agencies reported, a visit that will likely be seen as a show of force and a display of support for President Bashar Assad's government.
3.
Why Putin Will Never, Ever Give Up Power
If Putin gave up power at any age, he and dozens of his friends and colleagues who have become millionaires and billionaires over the past 10 years through their Kremlin-connected businesses could face serious corruption charges. This is why the best, and perhaps only, way for Putin to preserve immunity is to stay in power until death.
4.
Why North Koreans Cried
Can an entire people go mad? Sometimes it certainly seems so.
Images of hundreds of thousands of North Koreans howling with grief over Kim Jong Il's death suggest something very disturbing. Was this an exercise in mass delusion? A ritual of collective masochism?
Images of hundreds of thousands of North Koreans howling with grief over Kim Jong Il's death suggest something very disturbing. Was this an exercise in mass delusion? A ritual of collective masochism?
5.
Why Putin Is Mad at Me
Prime Minister Vladimir Putin got very angry last Wednesday when he met with the editors-in-chief of Russia's top media outlets.
6.
Russia Seeks Proof U.S. Zapped Failed Probe
A Russian state commission investigating the crash of the Fobos-Grunt Mars probe will conduct tests to see whether U.S. radar played a role in the spacecraft's failure.
7.
Putin Pledges to Fight Own Legacy
Prime Minister Vladimir Putin proposed a radical rollback of his own social and fiscal policies in a draft of his presidential program, which touts economic modernization and strengthening rule of law.
8.
A U.S. Defense Strategy for Russia to Emulate
U.S. President Barack Obama caused considerable damage to the Kremlin during a visit to the Pentagon last week when he announced a decisive reduction in the military ambitions of the United States. This was a serious blow to Russia's propagandistic stereotype that Washington is still determined to dominate the world, with Russia being at the top of the U.S. list of targets.
9.
Recruiters Say Mother Russia Seeking Talent
Demographics make it a candidate’s market, but foreigners have to offer something unique to find their place.
10.
Russia Abroad: Banya Finds an Appreciative New Audience
Well muscled and menacing at first glance, former Soviet soldier Pavel Dukhin might be the last person you'd want to have beat you with tree branches, although that is exactly what his job is.
