In similar vein, I received this press release this morning from S7:
Statement from S7 Airlines:
At the request of the Takeover Commission in Austria, S7 Airlines can confirm that letters were sent to Österreichische Industrieholding AG (OIAG) and its advisors on Tuesday, October 21, and Friday, October 24, regarding Austrian Airlines.
The letters included an analysis by S7 of the current position of Austrian Airlines and the principles on which S7 would be interested in investing in it, and in continuing negotiations with OIAG. None of these letters represent an offer or a tender or a legal obligation to buy any securities from any party.
Given the current market conditions, a deferment in the process to allow further consideration of the business is the right way forward. We welcome the opportunity to further explore how our investment can both secure Austrian Airlines' future and enhance our own operations in Europe by developing Vienna as a key hub for our passengers.
We believe the strategy behind S7 offer will allow Austrian Airlines to have a strong, independent future, while also providing growth opportunities in line with S7's international ambitions. Our bid offers a strong, prosperous future for the group.