Corporate | 22 April 2009 14:49
Flughafen Wien AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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In the sense of an active system partnership, Flughafen Wien AG and
Austrian Airlines have successfully completed discussions to indentify
measures that will improve the utilisation of synergies. In these
discussions Austrian Airlines confirmed the excellent positioning of Vienna
International Airport as a hub to Eastern Europe as well as the very
competitive tariffs among the Star Alliance airports.
In agreement with Austrian Airlines, Flughafen Wien AG will now hold
discussions with the responsible regulatory authorities and other airlines
with the objective of extending the current tariff model beyond its
scheduled expiration at the end of 2009 up to 2012. This tariff formula
defines the amount and method of calculation for the adjustment of tariffs
at Vienna International Airport. These tariffs are established through an
executive order issued by the Austrian Federal Ministry for Transportation,
Innovation and Technology.
The planned amendment to the Austrian aviation safety act with a reduction
of the security charge from approximately EUR 8 to approximately EUR 4 for
the transfer passengers handled by all airlines will further improve the
competitive position of Vienna International Airport. This charge is
designed to cover the costs of security facilities, and is passed on to the
Austrian Ministry of Finance after the deduction of applicable expenses.
In addition, Flughafen Wien AG will increase the transfer incentive for all
airlines from EUR 8.21 to EUR 10.21 for a period of 12 months beginning on
1 July 2009. This measure will result in costs of approximately EUR 6
million for Flughafen Wien AG. Plans also call for the cost-neutral
conversion of landing tariffs into passenger-related tariffs in order to
reduce the fixed expenses per flight for all airlines.
Austrian Airlines has also confirmed the high quality and service standards
of the handling segment at Vienna International Airport, which are
reflected in outstanding punctuality ratings. Vienna International Airport
has the shortest minimum connecting time in Europe with 25 minutes.
Austrian Airlines and Flughafen Wien AG have agreed to extend the handling
contract that is scheduled to expire this year for a further three years up
to 2012. At the same time, other measures were identified to realise
additional process improvements and thereby increase the resulting
synergies.
Robert Dusek
Tel:0043-1-7007/23126
Investor Relations
Flughafen Wien AG
22.04.2009 Financial News transmitted by DGAP
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Language: English
Issuer: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Österreich
Phone: +43-1-7007/23126
Fax: +43-1-7007/23058
E-mail: r.dusek@viennaairport.com
Internet: www.viennaairport.com
ISIN: AT0000911805
WKN: 884216
Indices: ATX
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) London, Wien
End of News DGAP News-Service
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