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Old 14th Nov 2008, 08:34
  #32 (permalink)  
wobble2plank
 
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Perhaps the proposed 1 euro price of Austrian Arrows has something to do with the buyout?

LH are prickly about the lack of state aid being given for the restructuring of the airline and the proposed 40% cut in workforce and the associated redundancy costs.

Unfortunately for LH the Arrows come with a hefty Euro 900 million debt and a loss, at current operating margin, of 150 million a year.

Should keep the accountants busy.
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