INTERNATIONAL AIRLINES GROUP UNSUCCESSFUL IN NIKI ASSETS BID
International Airlines Group (IAG) announced on December 29, 2017 that it had agreed to buy assets of the Austrian airline NIKI under the German insolvency process, subject to customary closing conditions.
On January 12, 2018 NIKI insolvency proceedings opened in Austria initiating a new sales process. IAG resubmitted its bid on January 19, 2018 and has been advised today that the bid was unsuccessful.
IAG is disappointed that NIKI will not be able to develop and grow stronger as part of the Group.
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Good old Niki Lauda bought Niki.