Austria has reportedly agreed to grant to Austrian Airlines €600 million to secure its future operation as a network carrier in Vienna. The aid consists of a 90% state-guaranteed loan (€300 million) and a direct grant (€150 million). The package also foresees a €150 million contribution by the Lufthansa Group.

The aid is conditional on a 10-year guarantee for Austrian Airlines to maintain its hub in Vienna and on a 30% CO2 emission reduction by 2030. The airline has six years to repay the loan. The Austrian government will receive seats in Austrian Airlines’ domestic private foundation and on its supervisory board. In addition, the carrier should not offer short-haul flights which are reachable by train within three hours, such as the Vienna to Salzburg route.