In Battle for Niki, Lauda woos employees

In the battle for insolvent Niki, its founder Niki Lauda sought to woo employees in an open letter Wednesday by promising jobs to all current staff. An agreed sale of Niki to IAG, brokered by Niki's German administrator, was thrown into doubt last week by 2 court rulings saying Austria was the relevant jurisdiction for the insolvency proceedings. This paved the way for former Formula One world champion Lauda to bid again for the airline he founded in 2003, but which most recently was part of failed airline Air Berlin. The deadline for new offers to be submitted to Niki's Austrian administrator, who is cooperating with her German counterpart, is Friday and both IAG and Lauda have said they will bid again. Ryanair has also expressed an interest. Niki's landing and take-off rights. <br/>
Reuters
https://www.nytimes.com/reuters/2018/01/17/business/17reuters-iag-niki-lauda.html
1/17/18