9 Jan, 2018 @ 10:45
1 min read

SAVED: British Airlines has bought out Air Berlin’s Niki

Niki air
IAG will be taking over Niki's routes in Palma

INTERNATIONAL Airlines Group (IAG) has bought out Austrian airline Niki, founded by ex-driver for Formula 1 Niki Lauda.

IAG will be taking over Niki’s routes in Palma

IAG, including British Airways, Iberia, Vueling and Aer Lingus, has paid €20 million for the company’s 21 leased planes with landing rights in Mallorca, Zurich, Vienna, Munich and Düsseldorf.

The British company beat off a rival bid from German carrier Lufthansa and will now set up a subsidiary of Spanish-based Vueling, hiring some 740 Niki employees.

“Niki was the most economically viable part of Air Berlin and its focus on leisure travel fits perfectly with Vueling’s strategy, ” said IAG boss Willie Walsh.

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