Andreas Nikolaus “Niki” Lauda (February 22, 1949 – May 20, 2019) was an Austrian Formula One race car driver, a three-time F1 World Drivers’ Champion, winning in 1975, 1977 and 1984, and an aviation entrepreneur. Niki Lauda passed away at age 70.
In the aviation part of his life, Niki was involved with the following airlines:
Niki Lauda will remain in our heart and our memory as a visionary leader, a legend of Formula 1 and an aviation pioneer. Niki was an exceptional entrepreneur whose courage and fighting spirit inspired millions. While we are devastated at his untimely passing, his spirit and vision will live on in Laudamotion, which proudly carries his name and his entrepreneurial spirit. It’s a sad day for Formula 1 and Laudamotion. Niki’s spirit and his legacy will live on forever. Niki and his family are all in our thoughts and prayers today. May he rest in peace.
Niki Lauda will again own Niki. Reuters is reporting the creditors of Niki have selected former Formula One world champion Niki Lauda’s bid to acquire the defunct carrier after it rejected the bid from IAG, the owner of British Airways, Iberia and Vueling.
Niki Lauda stated he has secured 15 aircraft and will restart operations by the end of March.
With this restart and return to leadership under Niki Lauda, a new brand is very likely. Both the Airberlin and the pictured “fly” livery are now part of the past which failed in bankruptcy. A new livery is probably coming for the the restart.
International Airlines Group (IAG) has announced formally it will buy the 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.
The transaction is being made by a newly formed subsidiary of Vueling which will be incorporated as an Austrian company and run initially as a separate operation. It is subject to customary closing conditions such as the EC competition approval.
The assets include up to 15 Airbus A320 family aircraft and an attractive slot portfolio at various airports including Vienna, Dusseldorf, Munich, Palma and Zurich.
The new company plans to employ approximately 740 former NIKI employees to run the operation.
Willie Walsh, IAG chief executive, said: “Niki was the most financially viable part of Air Berlin and its focus on leisure travel means it’s a great fit with Vueling. This deal will enable Vueling to increase its presence in Austria, Germany and Switzerland and provide the region’s consumers with more choice of low cost air travel”.
More details about the new subsidiary’s branding and route network will be provided in due course, when appropriate.
Copyright Photo: The Niki brand will be retired. Niki Luftfahrt (flyNiki.com) Airbus A321-211 OE-LET (msn 3830) TFS (Paul Bannwarth). Image: 926835.
International Airlines Group – IAG (London) has announced it will acquire insolvent Niki (Vienna) for €36.5 million ($43.8 Million). IAG became the lone bidder after the Lufthansa Group pulled out of the bidding. The IAG also out bid Niki Lauda who was bidding to take back his former airline. The IAG will pay €20 million ($24 million) for Niki’s assets and provide liquidity of up to €16.5 million to Niki.
The new Niki will become a subsidiary of Vueling and the IAG will employ most of the former Niki employees (around 740). Vueling will now be able to grow its presence in Austria, Germany and Switzerland.
Lufthansa has made further concessions on December 13, 2017 in the course of the intended acquisition of parts of the Air Berlin Group. The transaction is currently being examined by the EU Commission as the responsible merger control authority. In the so-called Phase One assessment, Lufthansa had already offered extensive commitments in particular by giving up slots. However, the Commission considers this to be insufficient and has clearly indicated that an acquisition of Niki and its integration into the Eurowings Group would currently not be approved. Based on this assessment, a takeover of Niki by Eurowings is no longer being pursued.
Lufthansa has informed both Air Berlin and its administrator that it intends to close the transaction excluding the acquisition of Niki.
With regard to the still intended takeover of Luftfahrtgesellschaft Walter (LGW), Lufthansa would give up numerous slots in order to obtain merger clearance in Phase One. The revised commitments will be submitted to the EU Commission today.
The Lufthansa Group maintains its plan of expanding its point-to-point business increasingly through organic growth of the Eurowings Group.
A share of the agreed purchase price for Niki has already been transferred to the company as bridge financing. The unpaid purchase price components will now be used for the organic capacity expansion in Niki’s markets. Economically, this leads to a comparable result for the Lufthansa Group.