Airlines Ryanair announces interest in parts of Niki

Irish low cost carrier Ryanair has expressed its interest in buying parts of Austria’s Niki.

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Everything seemed to be very clear: The former Austrian Air Berlin subsidiary Niki was sold to the IAG Group in late December 2017. Now, two weeks later, this deal could become invalid as an Austrian court decided that the insolvency administration of Niki, which was handeld in Germany, did not have the permission to decide about the future of the airline.

Therefore, former bidders show interest in the carrier and its slots again. The Irish low cost carrier Ryanair has confirmed it has contacted the Austrian insolvency administrator to inform him about the interest in Niki.

Ryanair could be interested in taking over slots and the European AOC to secure operations after a possible Brexit.

German insolvency administrator Lucas Flöther stated, he sees a significant risk in the further check of the IAG deal.

With a fleet of over 400 Boeing 737-800, Ryanair is one of the largest airlines in Eruope.

After the insolvency of Niki’s parent company Air Berlin, Lufthansa announced an interest in taking over the Austrian carrier. One day after Lufthansa announced to drop out of the negotiations due to signs from the European Commission that the merger would not be approved, Nik ceased operations on December 14, 2017. Two weeks later, IAG Group, a holding which owns British Airways, Iberia and Aer Lingus confirmed the acquisition of Niki. The carrier should have been integrated into the low cost carrier Vueling.

Source © Ryanair

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