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Niki to be purchased by IAG for €20M, run as Vueling subsidiary

Niki to be purchased by IAG for €20M, run as Vueling subsidiary

Old Dec 30, 17, 7:53 pm
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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.
JDiver is offline  
Old Dec 31, 17, 10:35 am
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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?
Worcester is offline  
Old Jan 1, 18, 3:43 am
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Originally Posted by Worcester View Post
What is is the current operations of Niki?
All operations ceased at close of business on 13 December.

irishguy28 is offline  
Old Jan 1, 18, 4:27 am
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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!
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