Events for April
M T W T F S S
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4
Add your event FREE

Today


Videos


Accomodations in Austria


Cosmo and Nanu

Luca_di_Montezemolo_is_determined_to_tackle_state-owned_railway_companies’_dominance.

Ferrari boss plans high-speed train service

Luca di Montezemolo is determined to tackle state-owned railway companies’ dominance.

The head of Italian sports car manufacturer Ferrari told Germany’s Süddeutsche Zeitung newspaper yesterday (Mon) he spent 650 million Euros on 25 trains. Montezemolo said he decided to make the investment as a reaction to the liberalisation of high-speed train services in Italy. The Ferrari chief said the latest endeavour of his company and business partners was the "most ambitious private project in Italy in the past 10 years".

Montezemolo said private railroad company Nuovo Transporto Viaggiatori (NTV) would connect Naples and Milan and other cities from next month. He said the plan was to offer services to Austria – where Austrian Railways (ÖBB) dominates the market – and Germany. Speaking about his plans, he said: "You have never seen such trains before. We got the best Italian food and a great cinema. It would be fantastic to offer services to Vienna."

The Ferrari boss promised that NTV’s service would be significantly faster than Trenitalia’s links. Trenitalia is owned by the state. It was founded in 2000 and has nearly 40,000 employees, around as many as ÖBB. The Austrian railroad firm has around 250 million passengers a year. Its Vienna – Salzburg Railjet service is widely considered as excellent while ÖBB’s regional services and southward connections are less acclaimed.

People opting for ÖBB’s connections to travel from Vienna to Italy often have to change trains several times before eventually reaching their destination – a strong contrast to the firm’s service between the capital and the city of Salzburg. Some of ÖBB’s Railjet trains take people from Vienna to Munich in southern Germany without forcing them to change trains en route.

Construction industry tycoon Hans Peter Haselsteiner founded private railway enterprise Westbahn to challenge ÖBB between Vienna and Salzburg, one of its most popular services. Westbahn started operating between the cities in December 2011. The company hoped to achieve an operating profit as early as in 2012. Now Westbahn boss Stefan Wehinger said the firm might miss its target.

Wehinger told Die Presse today that the intense price war between Westbahn and ÖBB could avert his company from meeting its initially envisaged goal. He explained that Westbahn’s turnover was 20 per cent lower at the moment than planned. ÖBB and Westbahn presented various special promotions during the final weeks of 2011 and the first few weeks of this year in their battle for passengers.

Westbahn not only entered the tracks but also Austrian roads last year. The firm’s affiliate Westbus launched several coach services, including a Graz – Linz link, in December. Westbus announced last month that its service between Salzburg station and Franz Josef Strauss International Airport (MUC) in Munich would be abandoned due to meagre public demand. The company said that the poor location of its bus stop was to blame. Westbus said customers experienced difficulties in finding the station due to the current construction work at Salzburg station.

Austrian Times



Your comment to this article :

(will be approved by an editor before going online)

  • Not for publication:
  • How many vertical lines or which Text (from left to right) do you see in this image:

Related articles: EU

  1. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

  2. IV demands focus on industry in crisis

    » Business 2012-05-24

    The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry.

  3. FW turnover takes off

    » Business 2012-05-24

    Austria’s biggest airport has managed to increase its profit.

  4. Rebel priest deplores Church's 'leadership crisis'

    » General News 2012-05-22

    A Catholic preacher who established a group of "disobedient" priests reacted coolly to Viennese Archbishop Christoph Cardinal Schönborn’s warnings.

  5. Petrol traders plan legal action

    » Business 2012-05-17

    The domestic mineral oil industry plans to sue the government about plans to set up a tool regulating fuel prices.

  6. Lauda disapproves cutbacks

    » Business 2012-05-15

    Niki Lauda has warned from making savings at FlyNiki to the expense of customers.

  7. Internet increasingly attractive to holidaymakers

    » Business 2012-05-15

    The number of Austrians opting for online solutions when it comes to booking a holiday is soaring.

  8. Vassilakou ensnares Pirates

    » General News 2012-05-02

    Vienna Greens Vice Mayor Maria Vassilakou has appealed on the Austrian Pirate Party (PPĂ–) to consider a partnership.

  9. Strabag turnover soars thanks to EE

    » Business 2012-05-01

    Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.

  10. Ă–BB ticket prices could climb

    » Business 2012-04-27

    Federal Railways (Ă–BB) tickets could be more expensive later this year.

Related articles: CEE news

  1. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

  2. FW turnover takes off

    » Business 2012-05-24

    Austria’s biggest airport has managed to increase its profit.

  3. Petrol traders plan legal action

    » Business 2012-05-17

    The domestic mineral oil industry plans to sue the government about plans to set up a tool regulating fuel prices.

  4. Lauda disapproves cutbacks

    » Business 2012-05-15

    Niki Lauda has warned from making savings at FlyNiki to the expense of customers.

  5. Strabag turnover soars thanks to EE

    » Business 2012-05-01

    Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.

  6. Ă–BB ticket prices could climb

    » Business 2012-04-27

    Federal Railways (Ă–BB) tickets could be more expensive later this year.

  7. Makeover for VIA terminals

    » Business 2012-04-25

    The terminals of Vienna International Airport (VIA or VIE) will be renovated or rebuilt, according to Flughafen Wien AG (FW).

  8. DM Austria set to spend €70mn

    » Business 2012-04-20

    DM Austria plans investments of 70 million Euros.

  9. Franz warns AUA

    » Business 2012-04-19

    Lufthansa CEO Christoph Franz has made clear that affiliate Austria Airlines (AUA) has to cut its expenses.

  10. ÖBB awaits €33bn

    » Business 2012-04-19

    The Austrian government coalition has decided to inject more than 30 billion Euros into Federal Railways (Ă–BB).

Related articles: business boom

  1. Austrian skiers create overnight stay record

    » Business 2012-05-29

    The number of winter season overnight stays by Austrians has reached a new record.

  2. IV demands focus on industry in crisis

    » Business 2012-05-24

    The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry.

  3. FW turnover takes off

    » Business 2012-05-24

    Austria’s biggest airport has managed to increase its profit.

  4. Internet increasingly attractive to holidaymakers

    » Business 2012-05-15

    The number of Austrians opting for online solutions when it comes to booking a holiday is soaring.

  5. Strabag turnover soars thanks to EE

    » Business 2012-05-01

    Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days.

  6. Makeover for VIA terminals

    » Business 2012-04-25

    The terminals of Vienna International Airport (VIA or VIE) will be renovated or rebuilt, according to Flughafen Wien AG (FW).

  7. DM Austria set to spend €70mn

    » Business 2012-04-20

    DM Austria plans investments of 70 million Euros.

  8. Fuel price hikes boost Ă–BB passenger figures

    » Business 2012-04-17

    Federal Railways (Ă–BB) is benefiting from rising fuel prices, according to CEO Christian Kern.

  9. Austrians buy more cars

    » Business 2012-04-12

    The number of car registrations is climbing.

  10. Car fuel prices rise further

    » Business 2012-04-11

    The price for petrol keeps increasing, new figures show.


Tag cloud:
Germany  passengers  railway  railroad  Vienna  Wehinger  Ferrari  Montezemolo  Ouml  Munich  Westbahn  Austria  Construction  ndash  Westbus  Salzburg  trains  founded  rsquo  Italy




Latest News

 

Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

Former footballers charged over match-fixing
Austrian prosecutors have charged former footballer Dominique Taboga over allegations of match-fixing, nearly five months after his connection to the scandal was exposed.

Salzburg cheetahs great escape
For the third time in two years a cheetah has broken out from Salzburg Zoo this week.

NGOs calls for Salzburg to act against nitrogen oxide
A consortium of environmental NGOs angry at the excessive levels of nitrogen dioxide polluting the air in the Austrian state of Salzburg have said they will launch legal action against the state unless a change is made.

Nazi Gurlitt family may be hoarding more artwork
The trove of artworks stolen by the Nazis and allegedly hoarded away by art dealer Hildebrand Gurlitt could be larger than previously thought after Austrian officials confirmed the discovery of a third house in Austria belonging to the family.

Further 180 Gurlitt paintings found in Salzburg
A further 180 paintings have been found in the Salzburg home of Cornelius Gurlitt, the son of a Nazi art dealer who made headlines in 2012 when a hoard of artwork was discovered by tax inspectors in his Munich flat.

Swedish woman fighting for life after being run over by snowmobile
A young Swedish waitress is fighting for her life after being run over by a 6.5 tonne snowmobile after deciding to ski down a closed off piste while it was being prepared at the Saalbach-Hinterglemm resort in Salzburg.

Salzburg win the Bundesliga with eight games still to go
Red Bull Salzburg have secured the top title in Austria' football league Bundesliga, the earliest point in the season the winner has ever been decided.

Austrian duped by fake Prince Harry on Facebook
An Austrian tradesman who thought Britain's Prince Harry had contracted him to provide parquet floors at Buckingham Palace is unlikely to have the 27,000 EUR he transfered to a conman returned, according to police.

Salzburg FC look to continue winning streak tonight
Red Bull Salzburg will be hoping to continue their impressive winning streak in the UEFA Europa League with a win tonight against Swiss side Basel.

 


The most popular stories –
last 7 days


Friends and Partners