Articles tagged “niki”

Niki Lauda’s Lasting Aviation Legacy

Niki Lauda’s Lasting Aviation Legacy

Patrick Whyte, Skift

Niki Lauda may have been more famous as a Formula One racing driver, but he left a lasting impression on the European aviation industry.

4 weeks ago

Ryanair Is Buying a Majority Stake in an Austrian Airline

Ryanair Is Buying a Majority Stake in an Austrian Airline

Richard Weiss, Bloomberg

Not many people would have had Ryanair pegged as the potential partner for Niki Lauda's new Austrian airline. The Irish carrier has seldom chosen the M&A path in the past but an opportunity to take on Lufthansa in central Europe was probably too good an opportunity to turn down.

1 year ago

IAG Takes On Low-Cost Rivals With Transatlantic Capacity Binge

IAG Takes On Low-Cost Rivals With Transatlantic Capacity Binge

Christopher Jasper and Benjamin Katz, Bloomberg

If there is going to be a capacity war over European skies, IAG is probably in a stronger position than its rival carrier groups. And with oil prices rising again, we could see more airline business casualties in 2018.

1 year ago

Former Formula One Champion Overtakes IAG in Race to Buy Austrian Airline

Former Formula One Champion Overtakes IAG in Race to Buy Austrian Airline

Richard Weiss, Bloomberg

British Airways parent IAG was the odds-on favorite to take over Niki and merge it with low-cost carrier Vueling. It will be interesting to see whether Thomas Cook emerges as Niki Lauda’s mystery backer.

1 year ago

IAG to Buy Austria’s Niki Air for $24 Million

IAG to Buy Austria’s Niki Air for $24 Million

Associated Press

All the pieces of bankrupt Air Berlin are now falling into place. The result may be diminished competition as the big airlines gather up the Air Berlin remnants.

1 year ago

Lufthansa Ends Pursuit of Air Berlin’s Niki After European Union Pressure

Lufthansa Ends Pursuit of Air Berlin’s Niki After European Union Pressure

Richard Weiss, Bloomberg

While the European Union's rigorous competition laws are well-meaning, in this case they likely mean the closure of an airline, job losses and travel chaos. Let's hope another buyer emerges.

2 years ago

Lufthansa’s Planned Air Berlin Takeover Is Questioned by Regulators

Lufthansa’s Planned Air Berlin Takeover Is Questioned by Regulators

Aoife White and Richard Weiss, Bloomberg

It's no surprise regulators understand Lufthansa acquiring assets from what was once its biggest domestic rival could hurt competition. But we're betting Lufthansa will find a way to close this deal.

2 years ago

TUI In Talks to Revive Air Berlin Joint Venture With Etihad to Create Leisure Airline

TUI In Talks to Revive Air Berlin Joint Venture With Etihad to Create Leisure Airline

Birgit Jennen, Richard Weiss and Brian Parkin, Bloomberg

All of the parties in this potential deal to carve a leisure airline out of Air Berlin's Niki and TUIfly are facing a lot of pressure for a variety of reasons, and it is possible these talks won't go anywhere.

2 years ago

Air Berlin Restructuring Continues With Sale of Stake in Austria’s NIKI to Etihad for $319 Million

Air Berlin Restructuring Continues With Sale of Stake in Austria’s NIKI to Etihad for $319 Million

Associated Press

With Airberlin selling its stake in NIKI to Etihad, Airberlin will focus on its core business travel markets in Germany and Italy while Etihad gets to expands its tentacles a bit more in Australia.

3 years ago