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Travel


British Airways owner snaps up Niki in €37m deal

Monday 8th January 2018


British Airways owner IAG is buying Niki from collapsed Air Berlin in a deal worth €36.5m (£32.5m), swooping on the Austrian airline weeks after Lufthansa was forced to back away.

IAG is planning to integrate the business into its Vueling carrier and to employ around 740 of Niki's 1,000 former employees, it said.

It is paying €20m for the carrier and is pumping a further €16.5m into Niki to provide it with liquidity.


Read More at: http://www.telegraph.co.uk/business/2017/12/29/bri...