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Austrian court deals further blow to planned Niki sale to IAG

Reuters  |  VIENNA 

By Kirsti Knolle and Shadia NasrallaVIENNA (Reuters) - Airline Niki's sale to British Airways parent IAG was thrown into further doubt on Friday when a battle between Austrian and German officials over who should handle its insolvency proceedings intensified.Niki filed for insolvency in Berlin last month after Germany's Lufthansa scrapped plans to buy the Austrian arm of insolvent Air Berlin.After hurried talks to find a new owner for Niki before it lost its valuable runway slots, IAG agreed to buy the business and make it part of low-cost unit Vueling.However, the deal was put at risk after ...

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First Published: Fri, January 12 2018. 22:50 IST