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29.01.09

Austrian Airlines, Raiffeisenbank and MasterCard Announce the Issue of New Credit Card

Austrian Airlines — a large international company, the member of frequent flyer program of Miles & More — and ZAO Raiffeisenbank announce the release of unique co-branded credit card Austrian Airlines-Raiffeisenbank MasterCard as part of a long-term partnership agreement.

The new Austrian Airlines-Raiffeisenbank MasterCard credit card comprises the advantages of one of the leading Russian banks and of the international airline operating flights all over the world, as well as of the largest global frequent flyer program of Miles & More, including such airlines as Lufthansa, SWISS International Airlines, etc.

The Austrian Airlines-Raiffeisenbank MasterCard credit card is available in all cities where the bank has its presence, and permits paying for goods and services with bank funds using the credit card while at the same time accumulating miles under the Miles & More program, which can later be exchanged for award flights of various companies. For every 30 roubles spent using the credit card the customer will accumulate one mile under the Miles & More program*.

«Austrian Airlines are very proud of its cooperation with Raiffeisenbank and of the new joint credit card. Raiffeisenbank became a reliable partner in Russia both for Austrian Airlines and for our international travellers. By granting the advantages of our frequent flyer program Miles & More this credit card will definitely attract the attention of Russian customers,» said Austrian Airlines Marketing Director Isabella Reichl, voicing her opinion. «Our Passengers can earn award miles every time using the Austrian Airlines-Raiffeisenbank MasterCard. These miles can be spent for air tickets on Austrian Airlines and also on STAR Alliance Airlines, and can be used for upgrades on Austrian Airlines. All you need is a membership in Miles & More. The Austrian Airlines-Raiffeisenbank MasterCard is a MUST for every international traveller!»

«The release of Austrian Airlines-Raiffeisenbank MasterCard credit card presents an important step on the way towards strategic collaboration with one of the leading international airlines and one of the largest payment systems. The partnership of Raiffeisenbank with Austrian Airlines and MasterCard is mutually advantageous not only for the companies themselves, but also for our customers — frequent flyers. I am sure that this new credit card will help the travellers feel real financial freedom and will ensure many nice impressions during the flight. The credit card’s unique design will add positive emotions when making day-by-day purchases,» said Andrey Stepanenko, Member of the Board of Raiffeisenbank, the Head of Consumer Banking Directorate.

«The participation of world famous companies such as Austrian Airlines and Raiffeisenbank in the project makes the new co-branded product even more attractive for the customers. The holders of the Austrian Airlines-Raiffeisenbank MasterCard credit card will now receive bonuses and accumulate miles, which can later be exchanged for award flight, without changing their habits, but only using the card to pay for their usual purchases,» said the acting Head of Representative Office of MasterCard Europe in Russia Ilya Riaby.

Customers can apply for the card at any branch of the bank starting 4th February. Until the 31st of March 2009 a unique offer for issue of Austrian Airlines-Raiffeisenbank MasterCard credit card is available. The first customers will receive up to 6000 Miles & More welcome miles for their Austrian Airlines-Raiffeisenbank MasterCard credit card, an invitation to new Austrian Airlines Business Lounge in Moscow Domodedovo Airport, an additional 25% of Miles & More miles for each 30 roubles spent, a 10% discount for Austrian Airlines tickets purchased between February and July 2009, and a gift for travellers.

Raiffeisenbank offers its customers the possibility to open the credit card in the most convenient way for them — in any branch of the bank, by filling out an on-line credit card application on the bank website www.raiffeisen.ru under the Retail Banking section, or by calling the Raiffeisenbank call center.


Austrian Airlines was founded in 1958. In 1979, Lauda Air was created to specialize in longhaul tourist destinations. In 1980, Austrian Arrows (former Tyrolean Airways) was set up for internal and shorthaul European routes. Three airlines are members of the Austrian Airlines Group.

Austrian Airlines holds the leading position in air transportation in Central and Eastern Europe and operates scheduled flights to 48 destinations in 23 countries.

Austrian Airlines Group performs regular and charter flights to more than 130 destinations all over the world. The company fleet comprises 89 short and medium range aircrafts and 10 longhaul aircrafts. The company is part of the global airline union Star Alliance, ensuring integration in the macroregion of Central and Eastern Europe. It conducts flights to European, Middle Eastern, North American and Asian destinations through Vienna, Europe’s fastest transfer airport.

In Russia, Austrian Airlines operates 48 flights per week and offers non-stop flights from Vienna to Moscow, Saint-Petersburg, Krasnodar, Rostov-na-Donu, Yekaterinburg, Sochi and Nizhniy Novgorod. The airline operates three daily Moscow-Vienna flights from Domodedovo airport.
www.austrian.com

MasterCard Europe is the entity responsible for managing MasterCard Worldwide’s business in Europe — for Europe. With headquarters in Waterloo, Belgium, MasterCard Europe works with 51 European countries stretching as far afield as the eastern border of Russia. Through its network of local offices, MasterCard Europe can understand and meet the diverse needs of customers in the very different types of markets throughout Europe, enabling people to do business in their own way in their own language.

Through MasterCard Worldwide, MasterCard Europe offers its European customers and consumers access to leading payment services throughout the world. MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 18 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories.
www.mastercard.com

ZAO Raiffeisenbank is a subsidiary of Raiffeisen International Bank-Holding AG. Raiffeisenbank is the largest foreign-owned bank in Russia, ranking 8th in terms of assets among top Russian banks based on 3Q 2008 results (Interfax-CEA). According to Interfax-CEA, ZAO Raiffeisenbank ranked 4th in Russia in terms of private deposits and 6th in consumer lending in Russia based on 3Q 2008 results.

Raiffeisen International operates one of the largest banking networks in CEE. 17 markets in Europe’s growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers. 14.6 million customers are serviced in more than 3,100 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns more than two-thirds of the common stock. The remainder is in free float, the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group.



*Miles are accumulated for payment for goods and services. Miles are not accrued for withdrawal of cash in ATM and cash offices of the bank and other banks.


 

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