> renamed | ^ merged in | => merged to form airline | +> or + assets taken | < divided |
In Mar1994, AUA bought a 42.85 percent stake in Tyrolean Airways, into which it incorporated its subsidiary Austrian Air Services, Osterreichischer Inlands und Regional-flugdienst Gesellschaft m.b.H. This turned tiny Tyrolean, based in Innsbruck, into a serious regional airline, flying more than a million passengers a year. AUA enjoyed the benefits of a vigorous tourist market through its charter subsidiary Austrian Airtransport and Touropa Austria, wholly owned since Dec1994. Charters accounted for half its European traffic
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