Flughafen Wien AG

News Details

Corporate | 13 June 2012 16:11

Flughafen Wien AG: Flughafen Wien AG cancels leases with Sardana Group companies

Flughafen Wien AG / Key word(s): Miscellaneous

13.06.2012 / 16:11

Flughafen Wien AG cancels leases with Sardana Group companies

As a consequence of significant payment arrears, the failure to fully stock individual shops

and unfinished facilities in the new terminal Check-in 3, Flughafen Wien AG has cancelled

the leases with Artifacts, Saveria and Striberny in Check-in 3 after long and unfortunately

unsuccessful negotiations.

Flughafen Wien AG has filed various legal proceedings against the above-mentioned

companies to enforce its claims. Legal actions for eviction have also been started.

Since the current legal proceedings have not brought the expected payments, Flughafen

Wien AG has also filed an application with the provincial court in Korneuburg for the opening

of bankruptcy proceedings against the above-mentioned companies.

Two of the facilities in Check-in 3, which have not yet been transferred, will be re-let

immediately. A new tender for the remaining space will start as soon as the necessary court

decisions have been issued.

Flughafen Wien AG regrets this development, but the amount of the outstanding payments

and the length of the overdue periods as well as the failure to complete the shops will not

permit any further extensions. The loss in revenues resulting from these delays has already

been reflected in a provision, which was recorded by Flughafen Wien AG during the first

quarter of 2012. Therefore, the earnings guidance issued in May remains intact.

Contact:

**Judit Helenyi

Flughafen Wien AG

Investor Relations

Tel: +43 1 7007/23126

Mario Santi

Flughafen Wien AG

Investor Relations

Tel: +43 1 7007/22826

End of Corporate News

13.06.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.

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Language:	English
Company:	Flughafen Wien AG
	Postfach 1
	1300 Wien-Flughafen
	Austria
Phone:	+43-1-7007/22826
Fax:	+43-1-7007/23806
E-mail:	[email protected]
Internet:	http://www.viennaairport.com
ISIN:	AT0000911805
WKN:	884216
Indices:	ATX Prime
Listed:	Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt; London, Wien (Amtlicher Handel / Official Market)



End of News	DGAP News-Service


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