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Contract for airline’s Miles & More programme will more than double German lender’s volume of such transactions
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...The US has raised fears over the Austrian bank’s dealings with the Russian businessman, who was sanctioned following Russia’s invasion of Ukraine....
...Austrian property mogul Rene Benko is known for throwing lavish parties. Now the music has stopped, the dancing is over and the hangover is kicking in....
...Spiegel reports he then told others he handed the enthusiastic Austrian over to the GRU to manage....
...Airlines have struggled to attract staff following large-scale lay-offs when flights were grounded during the pandemic....
...It is the latest in a series of rulings covering everything from Swedish “net zero” milk, German “climate neutral” heating oil and Austrian Airlines’ “carbon-neutral” flights, which have all fallen foul...
...The company was founded in the Austrian town of Wattens in the late 1890s by Daniel Swarovski, the son of a glass cutter....
...Europe’s three biggest long-haul airlines have engaged in a burst of deal making as the aviation industry emerges from the disruption of the coronavirus pandemic....
...Continued ownership of the unit has made a previously low-profile Austrian bank a symbol of western accommodation with Putin’s Russia....
...Julius Baer chief executive Philipp Rickenbacher said Switzerland’s second-biggest wealth manager would review its private debt business in the wake of the crisis engulfing Austrian property group Signa....
...Soon afterwards, Deutsche Bank ended its relationship with the Austrian developer over concerns about his involvement in the scandal....
...Julius Baer’s chief executive and a board member responsible for risk are leaving the Swiss bank as it prepares to write off SFr606mn ($700mn) on loans to crisis-hit Austrian property group Signa, according...
...Lufthansa has expanded from its German roots and hoovered up other central and northern European airlines and also owns Swiss, Austrian Airlines and Brussels Airlines....
...Ourania Georgoutsakou, managing director of the industry body Airlines for Europe, added that increasing fuel taxes for airlines would increase costs which “at some point will impact the passenger”....
...Julius Baer has warned on profits after taking SFr82mn ($93mn) in provisions against the value of its loan book, weeks after a financial crisis at the Austrian property group Signa triggered a panic for...
...PBB has been caught up in the broader downturn, having extended loans to Austrian property group Signa before its collapse late last year....
...“There is concern about what the conflict in the Middle East means for the price of oil, which is very significant for Tui’s airline fleet,” said Jones....
...Airlines need to be owned and controlled by EU entities to benefit from being part of the single market for aviation....
...Several airline carriers, including American Airlines and Southwest Airlines also report, as do Comcast, Northrop Grumman and Intel....
...The business is the result of Austrian chipmaker AMS taking over German lighting and sensor group Osram in 2019. After a bid tussle with Bain and Carlyle, AMS paid a pricey €4.5bn ($4.1bn) for Osram....
...Switzerland’s Julius Baer reported a more than 50 per cent drop in its profits on Thursday after it wrote off SFr606mn ($700mn) from its exposure to Signa, the crisis-hit Austrian property group....
...Lufthansa reported the “highest revenue and profit ever achieved in one summer” as the German airline said that holiday travellers have kept spending on first-class tickets despite spiralling prices....
...Speakers include the chief financial officers of United Airlines, Riyadh Air and Wizz Air, plus executives from Southwest Airlines and IndiGo. One more thing . . ....
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