PPRuNe Forums - View Single Post - Gulf Nations Continue Aviation Acquisitions
Old 14th March 2008 | 11:15
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mutt
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Saudi Arabia is to invest 20% ownership in Austrian Airlines.
I understand that its an individual that is investing and not the country

Then there is this.....

DUBAI, UAE — DAE Services, the aviation technology division of Dubai Aerospace Enterprise (DAE), has acquired flugwerkzeuge aviation software (f:wz), a privately-held Austrian software firm that develops and distributes cost-optimising flight planning solutions for airlines for US$ 25 million.

Mutt
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