Saudi Arabian billionaire opts out of opting into Austrian Airlines

摘要

The Saudi Arabian billionaire Mohamed Bin Issa Al Jaber has reversed his plans to acquire a stake in Austrian Airlines (AUA), according to Oster-reichische Industrieholding AG (OIAG), Austria's state-owned investment and privatisation agency, which owns 42% of AUA. OIAG said that talks with Al Jaber had broken down after he made unacceptable demands in the wake of AUA's net loss of more than EUR 60 million in Q1/2008.