German airline entrepreneur Hans Rudolf Wöhrl is to become a shareholder in ailing Austrian regional carrier InterSky.
The Bregenz-headquartered airline revealed today that Wöhrl's Intro Aviation operating company will take a stake in the family-owned business.
InterSky managing director and part-owner Renate Moser said last month that negotiations with an external shareholder were "approaching the final phase" and that the company's "turnaround appears to be within reach".
Moser owns 50% of InterSky while her husband, Rolf Seewald, holds 35%. Other members of the family control the remaining 15%, according to Flightglobal's ACAS database.
InterSky declined to specify Intro Aviation's future shareholding but said that details of the deal would be revealed by the end of the week.
Wöhrl established regional carrier Nürnberger Flugdienst (NFD) in the 1970s, which was later dissolved into Eurowings and is now owned by Lufthansa. He took over Deutsche BA (DBA) in 2003, German airline GEXX in 2005 and Dusseldorf-based charter carrier LTU International in 2006. GEXX was dissolved into DBA before both were sold to Air Berlin in 2006.
LTU was sold to Air Berlin in 2007.
In early 2011, Wöhrl set up charter carrier Flynext on back of former business aviation operator Alpha Exec. But within four months of its operational start in June, the airline was sold to Germania's majority shareholder Ingrid Bischoff.