Airline Niki submits insolvency filing in Austria

Airline Niki filed for insolvency in Austria on Thursday, in a move to safeguard an agreed sale of the Austrian arm of failed Air Berlin to British Airways owner IAG (ICAG.L), its insolvency administrator said.
A plane by Lufthansa passes a plane with the Air Berlin - Niki sign at the international airport in Munich, Germany, January 9, 2018. REUTERS/Michaela Rehle
Niki filed for insolvency in Berlin last month after Germany’s Lufthansa (LHAG.DE) scrapped plans to buy the carrier, but a Berlin regional court said earlier this week that Niki was not under German jurisdiction.
The ruling, which Niki has appealed, has put a question mark over the deal with IAG.
Niki’s German administrator now aims to safeguard the sale by filing for a secondary insolvency in Austria. “Niki filed for insolvency in Austria today,” a spokesman for administrator Lucas Floether said.