Niki suspends operations, restarts as LaudaMotion

Join this forum to discuss the latest news that happened in the world of commercial aviation.

Moderator: Latest news team

Matthias
Posts: 31
Joined: 08 Jun 2016, 16:23

Re: Niki suspends its operations

Post by Matthias » 28 Dec 2017, 15:13

According to following article in german, IAG will buy Niki:
http://www.airliners.de/iag-niki-britis ... eich/43255

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 29 Dec 2017, 20:27

BREAKING: Vueling (IAG Group) takes over Niki for 20 million euros. Press release to follow.
André
ex Sabena #26567

User avatar
luchtzak
Posts: 10136
Joined: 18 Sep 2002, 00:00
Location: Hofstade, Zemst - Belgium
Contact:

Re: Niki suspends its operations

Post by luchtzak » 29 Dec 2017, 23:16

sn26567 wrote:
29 Dec 2017, 20:27
BREAKING: Vueling (IAG Group) takes over Niki. Press release to follow.
Your humble editor wrote about it this morning ;-)

http://www.aviation24.be/airlines/niki/ ... uire-niki/

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 30 Dec 2017, 00:55

sn26567 wrote:
29 Dec 2017, 20:27
BREAKING: Vueling (IAG Group) takes over Niki for 20 million euros. Press release to follow.
More details: IAG buys Niki for €20 million and will integrate it as a new Vueling subsidiary registered in Austria.

http://www.aviation24.be/airlines/iag/i ... ubsidiary/
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 05 Jan 2018, 22:29

A Berlin court rebuffed a legal challenge to the insolvency filing of NIKI, which could derail its sale to IAG, and referred the case to a higher court for a ruling.
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 09 Jan 2018, 23:05

The sale of NIKI to IAG is not final yet after some legal challenges.

NIKI administrator Lucas Floether said he would press ahead with an agreed sale of the airline to IAG after a German court ruling fanned concern that the deal could unravel. A secondary insolvency filing in Austria, which NIKI will submit by the end of this week, would safeguard the sale.

However, a Berlin court ruled that the NIKI insolvency should have been filed in Austria, not Germany, in a move which could unravel last month’s deal to sell the business to IAG.

Next move?
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 14 Jan 2018, 16:17

sn26567 wrote:
09 Jan 2018, 23:05
The sale of NIKI to IAG is not final yet after some legal challenges.

Next move?
The never-ending story is full of surprises: Niki Lauda is back in the race!

https://www.reuters.com/article/us-iag- ... SKBN1F30HN
André
ex Sabena #26567

User avatar
RoMax
Posts: 4362
Joined: 20 Jun 2009, 16:32

Re: Niki suspends its operations

Post by RoMax » 14 Jan 2018, 16:38

No matter the outcome, interesting period in European aviation with the whole Air Berlin and Alitalia take-over battles :p

convair
Posts: 1510
Joined: 18 Nov 2011, 00:02

Re: Niki suspends its operations

Post by convair » 14 Jan 2018, 18:35

With all due respect for Niki Lauda, I don't think he has proved to be much of a manager in the past.

Is he acting as a straw man for a big airline or does he intend to resell soon and make a quick buck?
Pure speculation of course...

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 16 Jan 2018, 23:48

Now Ryanair also expressed its interest in buying some NIKI assets, as the court battle continues over the Austrian carrier.

Vueling promised to deploy up to eight aircraft from Vienna and use the airport as a base for expansion into eastern Europe after IAG taking over NIKI.
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 17 Jan 2018, 23:57

NIKI administrators in Germany and Austria agreed to cooperate to resolve the insolvent carrier’s future swiftly and guarantee legal certainty for its buyer. New offers can be made for Niki until 19 January 2018 and a decision will follow within days.
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 18 Jan 2018, 23:09

NIKI founder Niki Lauda sent an open letter promising jobs to all current staff, adding that Laudamotion (Austria) has an AOC and an operating permit and can take over the airline’s slots immediately.

Hmm! Why did he sell his airline in the first place?
André
ex Sabena #26567

User avatar
MD-11forever
Posts: 195
Joined: 21 Jan 2004, 00:00
Location: Molenstede
Contact:

Re: Niki suspends its operations

Post by MD-11forever » 23 Jan 2018, 08:38

And it has been decided: Niki Lauda buys back the airline he founded:

Air Berlin Creditors Agree to Sell Niki to Lauda Co.

(Bloomberg) -- Austrian creditors committee voted unanimously to sell Niki to Laudamotion GmbH, APA reports, citing the airline’s insolvency administrators.
Expect Austrian and German antitrust authorities to approve transaction soon
No financial details given

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 23 Jan 2018, 09:45

The IAG bid thus hasn't been accepted. Serious setback for British Airways and Vueling.

http://www.aviation24.be/airlines/iag/f ... e-founded/
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 24 Jan 2018, 12:15

Thomas Cook (UK) is likely to buy seats on NIKI (Austria) after it was bought back by its founder Niki Lauda.
André
ex Sabena #26567

Homo Aeroportus
Posts: 877
Joined: 24 Feb 2007, 18:28
Location: 2300NM due South of North Pole

Re: Niki suspends its operations

Post by Homo Aeroportus » 24 Jan 2018, 12:37

In a way it sounds logical.

Once being asked if he'd start a new airline Niki Lauda answered : I can't do that anymore. Just running short of names as I already sold "Lauda" and "Niki".
:lol:

H.A.

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 25 Jan 2018, 23:34

NIKI may not have enough pilots for its planned relaunch in March 2018 unless it offers attractive contracts.
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 26 Jan 2018, 20:12

sn26567 wrote:
25 Jan 2018, 23:34
NIKI may not have enough pilots for its planned relaunch in March 2018 unless it offers attractive contracts.
"LaudaMotion" plans to launch operations in March 2018 with five of 15 Airbus aircraft based in Vienna, and the remainder in Germany.
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 21 Feb 2018, 18:54

sn26567 wrote:
26 Jan 2018, 20:12
"LaudaMotion" plans to launch operations in March 2018 with five of 15 Airbus aircraft based in Vienna, and the remainder in Germany.
LaudaMotion owner Niki Lauda wants to launch his new low-cost airline with employees registered as temporary workers in order to save on taxes. The move was criticized by a workers’ union.
André
ex Sabena #26567

User avatar
sn26567
Posts: 33292
Joined: 13 Feb 2003, 00:00
Location: Rosières/Rozieren, Belgium
Contact:

Re: Niki suspends its operations

Post by sn26567 » 27 Feb 2018, 22:11

LaudaMotion added its first A320, serial 4329, to its AOC, as the carrier now grows to 14 aircraft.
André
ex Sabena #26567

Post Reply