FlyNiki chief Niki Lauda has ditched his plans to sue European aviation authorities over losses suffered from the ash cloud-triggered lockdown of airspace.Lauda told Austrian press today (Fri): “My lawyer gave me a success chance of 60 per cent. I saw a 50 per cent prospect of winning the court case.”The three-time Formula One champion […]
Tag: Euros
Lauda looking for new head sponsor
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Niki Lauda is reportedly seeking a new “head sponsor” as the cooperation contract with OC Oerlikon expires at the end of this year.Newspapers report today (Thurs) that the struggling Swiss technology firm will not extend the deal securing it a place on the front of Laudas iconic red baseball cap for an alleged 1.2 million […]
Hannes Androsch has claimed US investor Cerberus Capital Management is considering leaving Austrian BAWAG PSK soon.The Former Social Democratic (SPÖ) finance minister said at a business event last night (Tues) it was possible that the American bank house withdrew its engagement “in the foreseeable future”.Cerberus however is committed to remain on board for at least […]
‘Riches tax’ bid backed by 15,000
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Political leaders may feel the heat as a “tax on riches” petition by the Upper Austrian Social Democrats (SPÖ) found 15,000 supporters.SPÖ Upper Austria boss Josef Ackerl said today (Weds) the plan was to file a motion in the federal parliament in autumn.Ackerl explained more than 15,000 people have signed his party branchs initiative since […]
Fastbox to sell and repair E-Cars
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Fastbox has set its sights on E-Cars as the car repair chain announced it will sell and maintain an Italian firms electric vehicles.Fastbox, who have 20 branches across Austria, said today (Fri) it will soon begin selling Piaggios E-Cars. The Austrian firm added it would also offer to repair the Pontedera-based companys Porter model which […]
German 20mn order for A-TEC Industries
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A-TEC Industries has been ordered to deliver devices for a new power plant in Germany.The Vienna-based firm said today (Fri) its subsidiary AE&E will produce and deliver three waste heat boilers worth more than 20 million Euros to the combined cycle power plant in Stade, Lower Saxony.A-TEC Industries, which is headed by Viennese investor Mirko […]
Police in the Styrian town of Gleisdorf said toiletry articles worth several thousands Euros have been stolen from a megastore.Investigators announced today (Thurs) the intruders took all the shower gel, perfumes and various cosmetic articles from the shops storage facilities. They added the stolen goods were worth around 26,000 Euros.The robbers are still being sought […]
Styrian window producer Stabil hopes to become a main player in former Yugoslavian countries after teaming up with a Slovenian competitor.Stabil boss Dieter Manz said today (Thurs) his firm would closely cooperate with MIK who sell around 100,000 of its products in Slovenia and Croatia every year.Manz said the partnership would give Stabil the chance […]
A Viennese woman has warned this years holiday was her last in Italy after she was fined for buying a fake designer handbag.Ursula C. was slapped a 1,000-Euro fine after she admitted having paid seven Euros for a forged Luis Vuitton bag offered by a vender at the beach of Adriatic hotspot Jesolo last week.The […]
BZÖ wants ÖBB privatisation
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Alliance for the Future of Austria (BZÖ) boss Josef Bucher has suggested to privatise parts of indebted Austrian Federal Railways (ÖBB) to help the company to recover.The head of the opposition party said today (Thurs) the government should list some departments of the struggling firm, which is close to the state, on the stock market. […]