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VIENNA (Thomson Financial) - Austrian Airlines AG. said Sheikh Mohammed Bin Issa Al Jaber's investment vehicle failed to present a bank guarantee for an investment in the airline by Wednesday's deadline.

'The company will take all measures necessary to safeguard its interests and will further comply with the contract,' the company said in a statement.

It said its management board will examine options for a mutually agreed dissolution of its agreements with Al Jaber.

Saudi businessman Al Jaber has been seeking a 20 percent holding in the national carrier for an investment of 150 million euros, or 7.50 euros a share, which he is scheduled to gain as part of the airline's planned capital increase.

maria.sheahan@thomsonreuters.com

mas/jag

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