Niki suspends operations, restarts as LaudaMotion

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TLspotting
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Niki suspends operations, restarts as LaudaMotion

Post by TLspotting » 13 Dec 2017, 22:04

Good evening everyone,
Niki announced on its Facebook page the end of its operations as from tomorrow, the December 14,2017.

This decision is due to Lufthansa, that didn't buy Niki.

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Re: Niki stops its operations

Post by luchtzak » 13 Dec 2017, 22:30

TLspotting wrote:
13 Dec 2017, 22:04
Good evening everyone,
Niki announced on its Facebook page the end of its operations as from tomorrow, the December 14,2017.

This decision is due to Lufthansa, that didn't buy Niki.
Indeed: http://www.aviation24.be/defunct-airlin ... ommission/

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Re: Niki stops its operations

Post by TLspotting » 13 Dec 2017, 22:36

The article on avia24 is not yet updated but on the Facebook page and on the website of the airline, they say the end of their operations.
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Re: Niki stops its operations

Post by luchtzak » 13 Dec 2017, 22:43

TLspotting wrote:
13 Dec 2017, 22:36
The article on avia24 is not yet updated but on the Facebook page and on the website of the airline, they say the end of their operations.
Ah! Will update!

http://www.aviation24.be/airlines/niki/ ... mber-2017/

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Re: Niki stops its operations

Post by sn26567 » 14 Dec 2017, 00:58

TLspotting wrote:
13 Dec 2017, 22:04
This decision is due to Lufthansa, that didn't buy Niki.
Lufthansa wanted to buy Niki. More exactly, the decision is due to the European Commission, which forbad Lufthansa to purchase Niki.
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Re: Niki stops its operations

Post by Passenger » 14 Dec 2017, 18:54

Passengers with Niki flights included in a travel package will be assisted/rerouted by that t/o.

Passengers with only a ticket, paid by a credit card, can file a chargeback request with their credit card issuer. Usually, the local bank will assist.

Passengers with only a ticket, paid by a bank transfer, have lost their money. They could file a request with the liquidator, but the chances that they will be refunded, is close to 0%.

Maybe some other carrier will soon offer a special fare "Niki rescue" for holders of a useless ticket.

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Re: Niki stops its operations

Post by Passenger » 14 Dec 2017, 18:56

Passenger wrote:
14 Dec 2017, 18:54
Passengers with Niki flights included in a travel package will be assisted/rerouted by that t/o.

Passengers with only a ticket, paid by a credit card, can file a chargeback request with their credit card issuer. Usually, the local bank will assist.

Passengers with only a ticket, paid by a bank transfer, have lost their money. They could file a request with the liquidator, but the chances that they will be refunded, is close to 0%.

Maybe some other carrier will soon offer a special fare "Niki rescue" for holders of a useless ticket.
Liquidator:
http://www.floether-wissing.de/

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Yuqu12
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Re: Niki stops its operations

Post by Yuqu12 » 15 Dec 2017, 19:08

Why doesn't LH try to acquire Niki via one of its foreign subsidiary airlines? I think that wouldn't violate the EU competition law.

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Re: Niki stops its operations

Post by Poiu » 15 Dec 2017, 21:01

Mol is after Niki!

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Re: Niki stops its operations

Post by Passenger » 15 Dec 2017, 21:32

Poiu wrote:
15 Dec 2017, 21:01
Mol is after Niki!
He's not interested. His marketing department told him to send out a press release, stating that he's interested. Reason: the Ryanair shareholders need some good news, after the trade union debackle.

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Re: Niki stops its operations

Post by RoMax » 15 Dec 2017, 22:41

Yuqu12 wrote:
15 Dec 2017, 19:08
Why doesn't LH try to acquire Niki via one of its foreign subsidiary airlines? I think that wouldn't violate the EU competition law.
Even if legally possible, that will not give LHG the goodwill they need from the EU to get the rest of the deal approved. From the beginning it was clear that Niki was a nice to have, but the most likely to be given up if the EU started to doubt.

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Re: Niki stops its operations

Post by Passenger » 15 Dec 2017, 22:50

Senior aviation & travel journalist Jan Peeters (Travel360) blames the EU: "...If you are playing a poker game and you look around the table and you can’t see who the sucker is, it’s you...” (Paul Newman)

...De vliegtuigen van Niki, de Oostenrijkse Airline die een onderdeel was van het failliete Air Berlin, is nu zelf in faling gegaan. Dat is het resultaat van 24 uur gokken, voornamelijk door EU politici die hun hand overspeelden. Dit is het verhaal van een dramatische 24 uur, die uiteindelijk geleid hebben tot wat niemand wilde: vliegtuigen op het tarmac, klanten in paniek in het buitenland, reizigers die hun vakantieplannen in gevaar zien komen...

Full article - at this moment in Dutch only:
http://travel360benelux.com//nl/jan-pee ... voor-niki/

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Re: Niki stops its operations

Post by sn26567 » 16 Dec 2017, 18:20

NIKI founder Niki Lauda is still interested in buying back the airline, but said it would need a fresh start on the basis of insolvency proceedings.

Thomas Cook (UK) is also considering a takeover of NIKI, after the latter was left looking for a new investor following Lufthansa decision to drop a bid.

Austria is holding “very good” discussions about providing a bridge loan to NIKI, which filed for insolvency protection.
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Re: Niki stops its operations

Post by TLspotting » 16 Dec 2017, 21:32

Also Ryanair !
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Re: Niki stops its operations

Post by sn26567 » 18 Dec 2017, 22:47

Air Berlin receiver Lucas Floether says he is optimistic about the NIKI sales process after a number of would-be investors stepped forward under a fast-approaching deadline.

And indeed, NIKI founder Niki Lauda intends to bid for the airline on 20 December 2017, adding he will engage in the talks initially without Thomas Cook (UK) in order to speed things up. Also bidding for some NIKI assets – including NIKI Technik, and crews – are Zeitfracht (Germany) and Nayak (Germany).
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Re: Niki suspends its operations

Post by sn26567 » 20 Dec 2017, 20:53

NIKI is allowed to keep its airport slots while the Austrian Ministry of Transport explores a bankruptcy filing.

PrivatAir (Switzerland) made a bid for NIKI, raising the number of interested parties to five.
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Re: Niki suspends its operations

Post by sn26567 » 21 Dec 2017, 22:21

Condor (Germany) leased seven aircraft during winter 2017/18 to fill a capacity gap left by NIKI. Carrier leased aircraft from TUIfly (Germany), SmartLynx (Latvia), Pul Air Slovakia, AirExplore (Slovakia) and Thomas Cook Group (UK).
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Re: Niki suspends its operations

Post by sn26567 » 22 Dec 2017, 23:55

Niki administrators have selected four bidders: IAG (UK), TUI fly (Germany), Thomas Cook (UK), and PrivatAir (Switzerland). Winner to be selected by 2017 end.
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Re: Niki suspends its operations

Post by Yuqu12 » 23 Dec 2017, 13:46

Is Niki Lauda himself bidding together with Thomas Cook UK or are they bidding alone?

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Re: Niki suspends its operations

Post by Ev.VH » 28 Dec 2017, 15:03

One bidder remains in takeover talks for Niki, Lauda pulls out
https://www.reuters.com/article/us-air- ... ium=Social

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