Originally Posted by
JAR 1.0175
IAG press release:
INTERNATIONAL AIRLINES GROUP TO BUY NIKI ASSETS
International Airlines Group (IAG) is to buy assets of the Austrian airline NIKI, which was formerly part of the Air Berlin group, for €20 million and provide liquidity to NIKI of up to €16.5 million.
This could turn into a clever bit of business, an entire airline for less than the price of a slot pair at Heathrow.