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Austrian Airlines merger looking likely

A merger between Austrian Airlines and their subsidiary Tyrolean Airways looks increasingly likely after the Austrian Airlines Group announces a new wage packet to staff.

The wages for nearly 2,000 employees for the two carriers have been given a new structure which would create ‘a means of increasing planning certainty and creating the basis for future decisions’, a move that increases the likelihood of a merger between the two.

A previous attempt to merge Austrian Airlines with Tyrolean Airways failed when negotiations fell through but Austrian Airlines' entire flight operation was transferred in 2012 to the Tyrolean business arm.

The new wage agreements came about after ten months of negotiations between the trade unions, the Austrian Federal Economic Chamber and the Works Council, according to a statement released by the CEO of Austrian Airlines Jaan ALbrecht.

"Our employees wish for an agreement and a clear perspective moving forward. They also desire to return to Austrian Airlines. We want to make this possible," he said.

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