Former MIA chief Julian Jaeger reappointed to Vienna Airport’s board

The Supervisory Board of Vienna Airport plc, shareholders of Malta International Airport, have unanimously reappointed Julian Jaeger and Günther Ofner to serve as ,embers of the management board of Vienna Airport plc.

The new term of office extends for an additional five years, from September 2016 to September 2021.

VIE also said that it will continue to look at its shareholding in Malta International Airport plc as “an important strategic investment and will take the necessary steps to further contribute to the country’s growth.”

The company recently dismissed CEO Markus Klaushofer, who refused a €400,000 golden handshake to pursue an unfair dismissal claim in the Industrial Tribunal which has seen him pitted in a bitter war of words against Jaeger and MIA chairman Niklaus Gretzmacher.

“We are very proud to have MIA plc as part of our portfolio and continue to view it as a key strategic investment. Outstanding results were posted in 2014 and all indications show that 2015, under the leadership of Alan Borg, will continue to build on this,” Jaeger said.

“We are very pleased with both the development of this investment and the current management structure. Over the past years Malta International Airport plc has invested some €84 million and plans are in place for further investment which will continue to build on this steady-paced growth.”

Management board positions at VIE were publicly advertised. “After a comprehensive evaluation of all the applications, the Supervisory Board unanimously approved the reappointment of the management board members Julian Jaeger and Günther Ofner.”

“The management has shown an impressive track record and demonstrated the best team spirit in their collaboration. Net debt was almost halved, productivity improved by a quarter and the share price tripled. Furthermore, the new terminal was not only completed, but the costs were significantly reduced from the predicted level of €830 million to about €720 million,” Ewald Kirschner, chairman of the supervisory board of Vienna Airport plc, said.