International Airlines Group to buy NIKI assets
The transaction is being made by a newly formed subsidiary of Vueling which will be incorporated as an Austrian company and run initially as a separate operation. It is subject to customary closing conditions such as the EC competition approval.
The new company plans to employ approximately 740 former NIKI employees to run the operation.
Willie Walsh, IAG chief executive, said: “NIKI was the most financially viable part of Air Berlin and its focus on leisure travel means it’s a great fit with Vueling. This deal will enable Vueling to increase its presence in Austria, Germany and Switzerland and provide the region’s consumers with more choice of low cost air travel”.
More details about the new subsidiary’s branding and route network will be provided in due course, when appropriate.