Austrian Airlines was found through the merger of Air Austria and Austrian Airways. With the passing time, the airline has managed to dominate the skies over Central and Eastern Europe. Austrian Airlines acquired Tyrolean Airways in March 1998 and took over Lauda Air, an airline based in Vienna that plied long haul flights, in 2000. Thus, the three airlines formed a group named as 'Austrian Airlines Group'. In the same year, Austrian Airlines became a member of the Star Alliance, the world's first and largest airline alliance.
The airline was established on September 30, 1957, with its headquarters in Austria and main hub at Vienna International Airport, in Wien-Umgebung. Its first flight took off from Vienna on March 18, 1958, when the Vickers Viscount 779 flew to London, via Zurich. Austrian Airlines began its domestic services on May 1, 1963 and kick-started its transatlantic services on April 1, 1969, when it flew from Vienna to New York in co-operation with Sabena.
The airline…
UBS, through Swiss Bank Corporation, traces its history to 1854 when six private banking firms in Basel, Switzerlandpooled their resources to form the Bankverein, a consortium that acted as an underwriting syndicate for its member banks. In 1871, the Bankverein coordinated with the German Frankfurter Bankverein to form the Basler Bankverein, a joint-stock company replacing the original Bankverein consortium. After the new bank started with an initial commitment of CHF 30 million and CHF 6 million of share capital, it soon experienced growing pains when heavy losses in Germany caused it to suspend its dividend until 1879. Following the years 1885 and 1886, when the bank merged with the Zürcher Bankverein and acquired the Basler Depositenbank and the Schweizerische Unionbank, it changed its name to Schweizerischer Bankverein. The English name of the bank was originally Swiss Bankverein, but was changed to Swiss Bank Corporation (SBC) in 1917. The Union Bank of Switzerland emerged in 1912…
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