Flughafen Wien AG

Regulatory Filings • Dec 14, 2001

News Details

Ad-hoc | 14 December 2001 08:59

Flughafen Wien AG english

Tariff Structur approved up to 2006 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Tariff Structur approved up to 2006 Flughafen Wien AG has taken a decisive step to support the development of Vienna Airport as a hub, and has reduced its landing tariffs. Effective from 1 November 2001, the rates for all types of aircraft will decrease by 3%. Tariffs for long-haul flights of over 125 tonnes (e.g. A 340, Boeing 747) will be reduced by 20% to “give airlines an added incentive to include Vienna in their long-haul schedules, and thereby expand our offering”, explained Herbert Kaufmann, Speaker of the Management Board. At the same time Vienna International Airport will introduce a new regional tariff, which includes cost savings of 27% for all carriers serving destinations within a radius of 600 km of the airport. This change in fee structure is designed to make the “feeder service to our hub” (Kaufmann) even more attractive. With this new 600 km radius, Flughafen Wien AG will assume an active role in the development of air traffic prior to the planned eastern expansion of the EU. This action represents annual savings of approximately EUR 6 million for airlines using Vienna. It is expected to provide Vienna International Airport with a significant advantage over its international competitors. The tariff reduction by Flughafen Wien AG after “zero tariff years” in 2000 and 2001 is based on a strategic decision to generate momentum in the airline industry and improve the competitive position of Vienna International Airport over the medium-term. “We not only expect an increase in the number of passengers, but also valuable impetus for the entire eastern region”, commented Kaufmann. This fee reduction is a part of a new tariff system, which was approved by the Austrian Ministry for Transportation, Innovation and Technology for the period up to 2006. The new tariff regulations set price adjustments as follows up to 2006: (-0.35 x average growth in traffic) + inflation rate. This will therefore secure the development of tariffs for Flughafen Wien AG over the long-run. Dagmar Lang (+43-1-)7007-22103 Hans Mayer (+43-1-)7007-23000 Robert Dusek (+43-1-)7007-23126 Stuart Leasor, Financial Dynamics (+44-20)72697173 end of ad-hoc-announcement (c)DGAP 14.12.2001 ——————————————————————————– WKN: 091180; ISIN: AT0000911805; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 140859 Dez 01