AUA to buy back up to 3 pct of own stock

Thu Nov 22, 2007 2:20am EST

VIENNA Nov 22 (Reuters) - Austrian Airlines AUAV.VI will next Tuesday start to buy back up to 3 percent of its own stock, or up to 2.6 million shares, to cover employee share option programmes and for other purposes, it said late on Wednesday.

The partly state-owned carrier has permission from a shareholder meeting to buy back shares in a range of 5 euros to 20 euros, it said. It already holds around 2 percent of its own shares.

Austrian Airlines shares hit an all-time low of 4.90 euros on Wednesday before closing at 5 euros. They have lost 32 percent this year so far.

(Reporting by Boris Groendahl; Editing by David Holmes)

((boris.groendahl@reuters.com; +43 1 53112-258; Reuters Messaging: boris.groendahl.reuters.com@reuters.net)) Keywords: AUSTRIANAIRLINES/BUYBACK

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