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Court case could threaten IAG’s Niki deal

Air
Rob Gill
4 January 2018

IAG’s deal to purchase the assets of failed Austrian carrier Niki could be under threat if a passenger group succeeds in a new legal case.

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British Airways’ parent company, headed by chief executive Willie Walsh, announced earlier this week that it was buying the former Air Berlin subsidiary for €20 million, as well as providing cash of up to €16.5 million.

But now Fairplane, a group made up Niki passengers, has started legal action to move the airline’s insolvency proceedings from Germany to Austria in an attempt to recover €1 million in money owed by Niki to passengers.

Air Berlin liquidators said that this legal move, if successful, could “greatly endanger” the sale of Niki to IAG.