The story
Austrian Air Services was founded on 4 February 1980, operating the first revenue flight on 1 April of that year. The company was originally owned by Austrian Airlines (26 percent) and the airport authorities of the five largest airports of the country (see below) with a 14.8% shareholding each,. Later it became a wholly owned subsidiary of Austrian Airlines. In 1993, 86 people worked for the airline. On 2 May 1994, Austrian Air Services was disestablished and all assets integrated in those of Tyrolean Airways.
From Wikipedia’s article on Austrian Air Services, shared under CC BY-SA 4.0.3
