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Press Releases & News

| Press releases

Flughafen Wien: Payments on consultancy agreements only in return for actual services ? no agreements with Herbert Kaufmann implemented to date


Flughafen Wien AG rejects recent media allegations on the consultancy agreements with current or former members of the Management Board and would like to confirm that fees are only paid for actual work performed.


“The corporate bodies will utilise all possible legal options to prevent damage to the company if any different or additional claims are filed or if inadequate services are provided“, stated Erwin Hameseder, Chairman of the Supervisory Board of Flughafen Wien AG.


Last year on 15 December 2010 the Supervisory Board came to an agreement that Herbert Kaufmann would represent the company on supervisory boards and also work on international projects for a further two years after his resignation from the Management Board. The fee for these services was set at a maximum of 180,000.-- per year plus expenses, i.e. for total fees of € 360,000.--. No changes have taken place since that time. The agreement has not been implemented to date because a legal opinion ordered by the Supervisory Board on this matter is still outstanding. Flughafen Wien would like to note that any payments arising from this agreement can only be made in exchange for appropriate services.


With respect to Gerhard Schmid, who is still an active member of the Management Board, the Supervisory Board also agreed on 15 December 2010 that Mr. Schmid will remain available for the start of operations in the terminal extension Skylink after his resignation from the Management Board and up to year-end 2012 at the latest. The compensation for these activities will comprise a fee of 250,000.-- plus an incentive payment equalling a maximum of 66% of the fee if the Skylink start-up is successful. The respective agreement has already been concluded, and all payments will therefore reflect the defined provision of services.





For additional information contact: Flughafen Wien AG Press Office

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

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