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IAG, British Airways & Niki
Dear all,
I just saw the following article in the online version of the Berlin newspaper B.Z.: https://www.bz-berlin.de/berlin/uebe...n-tochter-niki The title (and the story) says something along the lines of that IAG / British Airways are interesting in purchasing Air Niki. Does anyone here have more information? |
IAG did bid for Niki during the AB carve up, but LH’s wider bid was preferred. It’s not impossible that LH will reshape Niki and then sell the bits it doesn’t want, but I would guess the press are reporting old news rather than new developments.
EDIT: Apologies - it does look like new news. LH are supposedly trying to strong arm the EU to reduce the competition concessions they have to make by suggesting the alternative is that they’ll let Niki go bust. But IAG are lobbying behind the scenes to suggest they maybe an alternative: an alternative buyer of Niki. Could be a useful set of circumstances for IAG, or they could just be trying to weaken LH’s position. |
Originally Posted by pauldb
(Post 29121079)
IAG did bid for Niki during the AB carve up, but LH’s wider bid was preferred. It’s not impossible that LH will reshape Niki and then sell the bits it doesn’t want, but I would guess the press are reporting old news rather than new developments.
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Niki Lauda has teamed up with Thomas Cook for a renewed bid, as it's looking increasingly difficult for the anti-competition authorities to wave this one through for Lufty.
I would expect IAG to be making representations too, but the Lufty argument about Niki going bust looks to be highly dubious. |
https://www.reuters.com/article/us-a...-idUSKBN1ED179 Sources told Reuters that British Airways parent IAG (ICAG.L) was once again interested in Niki. |
Originally Posted by BApilotinsider
(Post 29194257)
https://www.reuters.com/article/us-a...-idUSKBN1ED179 Sources told Reuters that British Airways parent IAG (ICAG.L) was once again interested in Niki. |
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It would certainly shake up the market a bit, but I recall BA Deutschland was not a roaring success, still a LCC with lots of codeshare flights to IAG hubs could I would have thought be viable.
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BERLIN (Reuters) - IAG (ICAG.L), the owner of British Airways and low-cost carrier Vueling, is one of the four bidders selected for the final stages of talks over the assets of insolvent Austrian airline Niki, three people familiar said. IAG had made an offer for Niki as a whole and was the frontrunner in talks for the carrier, the three sources told Reuters. If no deal is struck with IAG, it is possible that Niki will be carved up among several buyers. British tour operator Thomas Cook (TCG.L) and Niki’s founder, former Formula One world champion Niki Lauda, are also among the four, Lauda told German daily Handelsblatt. The administrators running the process aim to agree a deal by the end of next week, one of the administrators said on Friday. They did not confirm the identity of the bidders. |
FRANKFURT (Reuters) - British Airways owner IAG (ICAG.L) is negotiating exclusively with Niki’s insolvency administrator to take over the collapsed Austrian airline, a source close to the process said on Thursday. https://www.reuters.com/article/us-a...siness+News%29 |
Very interesting indeed. Niki seemed to be a bit of a leisure carrier, with a view business routes (like ZUR) thrown in. I wonder what the attractiveness is for IAG? Slots?
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According to speculation in German media Niki will be merged with Vueling.
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Because of the degree of monopoly power LH group exerts the German market is very lucrative, so those routes are valuable to a company who can compete with them. Interesting move for IAG, but I suppose these opportunities don't come along very often.
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Will be interesting price negotiations now that Lufthansa have sullied the Niki brand by grounding it. Guess that will play into IAG's hands to drive down the price?
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I'd love to see Niki come back, then I would have an alternative to LX on ZRH-VIE. Though, perhaps it would be more realistic that VY would end up taking the routes that Niki had?
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