Profit rises as Austrian asks for privatization go-ahead


Austrian Airlines Group, which yesterday reported an €11.7 million ($18.4 million) second-quarter profit that represented a 51.9% increase from the €7.7 million earned in the year-ago period, asked the government to grant quick approval for divestment of state holding company OIAG's 42.75% stake in the flag carrier, freeing it to pursue a strategic equity partnership.

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