IAG to acquire Niki, will be put under Vueling – Quantum Aviation | Airline Passengers & Cargo Sales and Charters

IAG to acquire Niki, will be put under Vueling

EgyptAir converts letter of intent to a firm order for Bombardier C Series aircraft
December 30, 2017
FlyViking to cease operations in January
January 1, 2018
EgyptAir converts letter of intent to a firm order for Bombardier C Series aircraft
December 30, 2017
FlyViking to cease operations in January
January 1, 2018

IAG to acquire Niki, will be put under Vueling

International Airlines Group – IAG (London) has announced it will acquire insolvent Niki (Vienna) for €36.5 million ($43.8 Million). IAG became the lone bidder after the Lufthansa Group pulled out of the bidding. The IAG also out bid Niki Lauda who was bidding to take back his former airline. The IAG will pay €20 million ($24 million) for Niki’s assets and provide liquidity of up to €16.5 million to Niki.

The new Niki will become a subsidiary of Vueling and the IAG will employ most of the former Niki employees (around 740). Vueling will now be able to grow its presence in Austria, Germany and Switzerland.

Niki is now likely to adopt the Vueling brand.