Ryanair renews interest in NIKI takeover
Ryanair has contacted the Austrian administrators of bankrupt Airberlin subsidiary NIKI, expressing interest in participating in the insolvency process and potential purchase of remaining NIKI assets, the carrier's head of communications said. Ryanair was one of the earlier bidders for NIKI. However, the LCC later stepped back from the bidding process. Ryanair renewed interest in NIKI following the Jan 12 ruling by a Korneuburg Austrian court that the NIKI insolvency proceedings and asset sale should restart from scratch, casting further doubt on the IAG acquisition of NIKI, which was based on insolvency proceedings taking place in Germany. A Berlin regional court ruled last week that bankruptcy proceedings should be conducted in Austria rather than in Germany. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2018-01-17/unaligned/ryanair-renews-interest-in-niki-takeover
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Ryanair renews interest in NIKI takeover
Ryanair has contacted the Austrian administrators of bankrupt Airberlin subsidiary NIKI, expressing interest in participating in the insolvency process and potential purchase of remaining NIKI assets, the carrier's head of communications said. Ryanair was one of the earlier bidders for NIKI. However, the LCC later stepped back from the bidding process. Ryanair renewed interest in NIKI following the Jan 12 ruling by a Korneuburg Austrian court that the NIKI insolvency proceedings and asset sale should restart from scratch, casting further doubt on the IAG acquisition of NIKI, which was based on insolvency proceedings taking place in Germany. A Berlin regional court ruled last week that bankruptcy proceedings should be conducted in Austria rather than in Germany. <br/>
