About: http://data.cimple.eu/news-article/1167ac1dc2bf158ed75d4ac6bca45944518272ec4984aa7d4175ae1c     Goto   Sponge   Distinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Agreement has been reached on a rescue package for Austrian Airlines to the tune of 600 million euros ($677 million) to mitigate the effects of the coronavirus pandemic, local media reported on Monday. Austria will provide 450 million euros, with the rest coming from German giant Lufthansa, of which Austrian Airlines is a subsidiary. The Austrian government will provide 300 million euros of state-backed loans on top of a 150-million-euro grant, the Der Standard newspaper and other media reported. However, Austria is not expected to take a formal stake in the airline's ownership. The details of the package are due to be officially confirmed later on Monday by the Austrian government, a coalition between the centre-right People's Party (OeVP) and the Greens. Prominent Green politicians had made clear in recent weeks that they wanted any deal to come with conditions to reduce the airline's environmental impact. The rescue deal will reportedly include targets for the airline to invest in more efficient technologies and thereby reduce its CO2 emissions and noise pollution. The status of Vienna as the airline's hub will also be secured for at least ten years under the deal, according to Der Standard. Later this month Lufthansa is to ask shareholders to back a nine-billion-euro bailout deal negotiated with the German government, which will take a 20 percent stake in the group under the agreement. Austrian Airlines' fleet has been largely grounded for almost three months due to the restrictions introduced to fight the new coronavirus pandemic, which have devastated the international travel industry. The airline plans to restart flights from June 15 to several European destinations and Tel Aviv. Some long-distance services will be restarted in July, including to New York, Washington and Bangkok. jsk/jza/jh
schema:headline
  • Austrian Airlines to get 600 mln euro rescue package: media
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 11 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software