VIENNA (AFP) — Austrian Airlines will be sold to German carrier Lufthansa, the Austrian state holding company OeIAG, which has a 41.6-percent stake in the loss-making airline, announced Thursday evening.
"As of now, OeIAG will only hold concluding talks with Lufthansa," it said in a statement after a meeting of its privatisation committee.
Rival suitors "(Russia's) S7 and Air France-KLM are no longer in the bidding process," it added.