Press Releases & News

13/06/2012 | Press releases

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.

For additional information contact: Flughafen Wien AG Press Office

Peter Kleemann (+43-1-) 7007-23000

Clemens Schleinzer (+43-1-) 7007-22399

Stefanie Tomanek (+43-1-) 7007-26939