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Niki sale to BA owner IAG threatened by German court

Reuters  |  FRANKFURT 

By Maria SheahanFRANKFURT (Reuters) - Airline Niki's insolvency should have been filed in Austria not Germany, a Berlin court ruled on Monday, in a move which could unravel last month's deal to sell the Air Berlin business to British Airways owner IAG.Niki filed for insolvency in Berlin last month after Germany's Lufthansa scrapped plans to buy the Austrian airline, grounding its fleet and stranding thousands of passengers.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.But ...

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First Published: Mon, January 08 2018. 23:01 IST