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 (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.