TagsNiki

IAG to purchase Niki for $24M

IAG intends to purchase the Austrian airline Niki for €20 million ($24 million) as well as provide up to €16.5 million to provide liquidity, Reuters reported on December 29, 2017. Earlier in December 2017, Niki ceased its operations after German carrier Lufthansa scrapped the plans to buy it. The assets of the Austria-based leisure airline […]

Niki grounded after Lufthansa drops plans to purchase it

Lufthansa announced quitting the pursue of Niki as part of the latest concessions made on December 13, 2017 in the course of the intended acquisition of parts of the Air Berlin Group. Consequently, Niki ceased operations. In the so-called Phase One assessment, Lufthansa had already offered commitments such as giving up slots. However, the Commission […]