International Airlines Group
Join Date: Oct 2017
Location: Behind a desk, dreaming of the sky
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I could just about see the appeal from IAG's end
BA/Level - Long haul
Iberia/Vueling - Western Europe Short Haul
Niki - Central (and eastern?) Europe Short haul - not a major amount of overlap into an unserved region from IAG
BA/Level - Long haul
Iberia/Vueling - Western Europe Short Haul
Niki - Central (and eastern?) Europe Short haul - not a major amount of overlap into an unserved region from IAG
Join Date: Sep 2007
Location: London
Age: 49
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I think we would just see Niki absorbed into Vueling, VLY is the short haul low cost airline of the group, it is strong in Spain, Italy and France but definitely would benefit from growing in Germany/Austria etc.
Buying Niki
Is this perhaps a case of a new Deutsche BA ?
If you end up as the number three or number four player in a market (LCC out of D-A-CH countries) it's always a struggle to hit profitability
If you end up as the number three or number four player in a market (LCC out of D-A-CH countries) it's always a struggle to hit profitability
https://www.flightglobal.com/news/ar...illion-444527/
IAG is to acquire the assets of Austrian leisure carrier Niki for €20 million ($24 million) and provide liquidity of up to €16.5 million.
The purchase will be made by a newly formed subsidiary of IAG's Spanish low-cost carrier Vueling, says the group. The transaction is subject to regulatory approval by the European Commission.
The purchase will be made by a newly formed subsidiary of IAG's Spanish low-cost carrier Vueling, says the group. The transaction is subject to regulatory approval by the European Commission.
Join Date: May 2011
Location: Hampshire
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It would seem they are getting a bargain on the aircraft. Niki have around 20 or so of the A320/321 family. They had more but some have been returned to the lessors. So, around $1M per aircraft must be a good deal for IAG.
Join Date: Aug 2004
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Despite the bump in aircraft, I'm sure IAG are more interested in the slots available - especially in Zurich/Dusseldorf/Palma & Vienna. It's a cheap price for such access.
