|
Niki to be purchased by IAG for €20M, run as Vueling subsidiary
BBC article (link) states, in part:
British Airways owner IAG says it is to purchase the insolvent Austrian holiday airline Niki for €20m ($24m). IAG said it will run the airline as a new subsidiary of its budget carrier Vueling, retaining about 740 former Niki staff. The assets include about 15 planes, as well as slots in airports such as Vienna, Munich and Palma. The deal requires approval by European authorities. |
I doubt the aircraft are purchased given the price. I assume the lease on them is carried across.
What is is the current operations of Niki? |
Originally Posted by Worcester
(Post 29233360)
What is is the current operations of Niki?
https://www.flyertalk.com/forum/airb...cancelled.html |
In the end, all AB/HG aircraft had been leased. So the "buyer" is not buying them, but seeking to enter the lease contract - probably asking for changes of the terms. This is in the interest of the insolvency administration, as it reduces the claims from the lessor. However, as the takeover of LGW by EW/LH and the takeover some AB planes by U2 shows, this renogotiation may take some time ... that's why many of the birds are still parked at BER. BA/VY was cautious enough not to propose inception of their services anytime soon! |
| All times are GMT -6. The time now is 4:43 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.