euro adhoc: Austrian Airlines AG / Board of Directors (Appointments and Changes) / Alfred Ötsch resigns as Chief Executive Officer of Austrian Airlines

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

29.01.2009

Dr. Peter Malanik and Dr. Andreas Bierwirth to assume responsibility
for duties

Alfred Ötsch, 55, Chief Executive Officer of Austrian Airlines AG
since 1 May 2006, will be resigning his mandate as of 31 January
2009. Subject to the consent of the Supervisory Board, his duties
on the Board of Management will be taken over by the COO Dr. Peter
Malanik and CCO Dr. Andreas Bierwirth. The termination is
mutually agreed and in accordance with his contract of
employment.

CEO Ötsch made the following statement regarding his decision:
"After three intensive years with Austrian Airlines, this step is
designed to enable a new beginning at the company, including
at the level of management. Having cooperated closely with my
colleagues on the Board of Management and the Supervisory
Board while introducing the necessary change of course towards
partnership, I am glad that the privatisation has now moved into
its final stages with Lufthansa, the best possible partner for the
Austrian Airlines Group."

The Chair of the Supervisory Board, Dr. Peter Michaelis, said the
following: "I would like to thank Alfred Ötsch for his commitment
over the past three years, particularly the constructive
contribution he made in the course of the privatisation
process. With the support of management, it has eventually proved
possible to achieve a long-term and above all sustainable solution
for Austrian Airlines."

Please find further information concerning the disclosure according
to §§ 24 and 25 Media Act on www.austrian.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Austrian Airlines
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Corporate Communications:

Livia Dandrea-Böhm

Tel.: 051766-11231

Investor Relations

Thomas Krammer

Tel.: 051766-13311

Branche: Air Transport
ISIN: AT0000620158
WKN: 875224
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market