The insolvent Austrian airline Niki Gehörtkünftig to a large part parent group of BritishAirways and Iberia. This was confirmed by International Airlines Group (IAG). The IAGwill all land rights of Niki to DenFlughäfen Vienna, Düsseldorf, Munich, Palma de Mallorca and Zurich, 15 of 21 Airbus A320 aircraft that Austrians have leased. 740der around 1,000 employees are to be taken over. The IAG pays up to 36.5 million euros. 20 million euro are Andie creditors. In addition, IAG agreed to take time for Austrian Flugliniefür up to takeover with financial resources of up to 16.5 million Eurounter arms.
However, LetztenUnterschriften is still missing under Treaties, as it was called in negotiating circles. Airberlin had to declare bankruptcy in August. InsolvenzverwalterLucas Flörhatte want to keep Niki out of bankruptcy and with Lufthansa also found a buyer who wanted to pay dermehr than 180 million euros. But German Fluggesellschaftwar failed at resistance of EU competition authorities and had its Angebotzurückgezogen. Just before Christmas, Niki had to register for bankruptcy.
Flör and IAG stood in agreement under strong time. The airline ran risk of losing operating licence and Wherea valuable launch and landing rights, so-called slots, to Flughäfenzu. Niki also threatened to go out of money.
At IAG, it is not to be expected that cartel authorities will cross over. The British and Spaniards are unlike Lufthansa in German-speaking countries so far hardly active. Niki is now to be zurTochtergesellschaft of cheap flyer Vueling, who is also to IAGgehört. "Niki was finanziellgesündeste part of Air Berlin," said IAG chief Willie Walsh. "With his concentration on holiday flights, it's a great match for Vueling."
Niki's works council chairman welcomes sale. "In circumstances it was best solution," said Stefan Tankovits in Austrian Broadcasting (ORF). For 750 of 1,000 employees, it "definitely continues", re could be even more, said Tankovits: "We will also have more prospects in long term."
The German state proceeds from sale of Nikileer. Because proceeds of sale are satisfied by creditors of Niki, not by Air Berlin. DieBundesregierung, Air Berlin had granted KfW a bridging loan of 150Millionen euros so that airline could continue to fly. was actually due to proceeds from takeover by Lufthansa Getilgtwerden. Around half of 150 million euros are likely to be lost. EasyJethat for parts of Air Berlin 40 million euros paid by Lufthansa 18Millionen for smaller subsidiary LGW. This could be due to proceeds from Anfechtungvon business of Air Berlin shortly before bankruptcy.
Date Of Update: 31 December 2017, 12:03
