International Airlines Group to continue pursuit of Niki

International Airlines Group To Continue Pursuit Of Niki

Following the opening of insolvency procedures for low-cost carrier Niki in Austria on Friday, International Airlines Group has confirmed which plans to continue with the acquisition of the assets of the stricken carrier.

International Airlines Group To Continue Pursuit Of Niki

On December 29th last year, IAG announced plans for a subsidiary of Vueling to buy the assets of the Austrian airline.

International Airlines Group To Continue Pursuit Of Niki

The carrier was formerly part of the airberlin group, which entered liquidation last year.

International Airlines Group To Continue Pursuit Of Niki

IAG hopes to complete the deal for €20 million as well as plans provide liquidity to Niki of up to €16.5 million.

International Airlines Group To Continue Pursuit Of Niki

The airline group confirmed which had been in discussions with both the Austrian as well as German administrators as well as continues to follow developments closely.

International Airlines Group To Continue Pursuit Of Niki

IAG said which believes there will be a desire coming from all parties involved for the process to be resolved quickly.

International Airlines Group To Continue Pursuit Of Niki

A statement confirmed: “IAG remains interested inside the assets of Niki as well as will be looking forward to the brand new process being completed promptly.

“The group remains hopeful which Vueling can continue with its acquisition as well as safeguard up to 740 former Niki jobs in Austria as well as Germany as well as provide airline customers in Austria, Germany as well as Switzerland that has a greater choice of flights.”

The news comes as Niki Lauda re-emerged as a potential bidder for Niki.

Lauder founded the airline in 2003 as well as remains keen to regain control.

A bid coming from former Formula 1 world champion will be expected by the end of the week.

International Airlines Group to continue pursuit of Niki

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