Austrian Airlines stockholders owning more than 85% of shares in the carrier (excluding shares held by Austrian Airlines) have notified Lufthansa that it will accept Lufthansa's offer of roughly $6.10 per share.
Lufthansa needed stockholders controlling 75% of the shares to accept the offer for the buyout deal to proceed.
Lufthansa made a public offer to purchase Austrian Airlines stock on Feb. 27.
The public offer is still subject to antitrust immunity review. Also, the European Commission must approve Austria's restructuring aid to Austrian Airlines.