IAG takeover of part of Niki Airline hits legal snag
A bid by IAG to acquire much of bankrupt Air Berlin's Niki division has hit a legal stumbling block with an appeals court ruling. The Berlin state court decided Monday that a Berlin administrative court did not have the jurisdiction to handle the insolvency of Austria-based Niki and that it's up to an Austrian court to decide. The decision, which can be appealed to a federal court, comes after IAG said in December it would pay E20m (US$24m) for Niki and inject another E16.5m into the company. It plans to found a new Austria-based subsidiary of Vueling, taking on up to 15 Airbus A320 jets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-01-09/oneworld/iag-takeover-of-part-of-niki-airline-hits-legal-snag
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IAG takeover of part of Niki Airline hits legal snag
A bid by IAG to acquire much of bankrupt Air Berlin's Niki division has hit a legal stumbling block with an appeals court ruling. The Berlin state court decided Monday that a Berlin administrative court did not have the jurisdiction to handle the insolvency of Austria-based Niki and that it's up to an Austrian court to decide. The decision, which can be appealed to a federal court, comes after IAG said in December it would pay E20m (US$24m) for Niki and inject another E16.5m into the company. It plans to found a new Austria-based subsidiary of Vueling, taking on up to 15 Airbus A320 jets. <br/>
