Advertisement
UK markets open in 3 hours 3 minutes
  • NIKKEI 225

    38,399.11
    +196.74 (+0.51%)
     
  • HANG SENG

    18,547.43
    +233.57 (+1.28%)
     
  • CRUDE OIL

    79.45
    +0.46 (+0.58%)
     
  • GOLD FUTURES

    2,319.30
    -3.00 (-0.13%)
     
  • DOW

    39,056.39
    +172.13 (+0.44%)
     
  • Bitcoin GBP

    49,338.57
    -989.79 (-1.97%)
     
  • CMC Crypto 200

    1,312.73
    +18.05 (+1.39%)
     
  • NASDAQ Composite

    16,302.76
    -29.80 (-0.18%)
     
  • UK FTSE All Share

    4,544.24
    +21.25 (+0.47%)
     

Lauda teams up with Condor to sell flights for Niki relaunch

BERLIN, Feb 16 (Reuters) - Niki Lauda has teamed up with German holiday airline Condor to sell flights for Laudamotion, the airline created after he bought Austrian carrier Niki out of insolvency.

* Lauda agreed a deal to buy Niki, a unit of collapsed Air Berlin, in January, beating a rival offer from British Airways-owner IAG

* Lauda plans to restart the carrier with 15 planes by the end of March, scrap the Niki brand and integrate it into his Laudamotion business, which offers business charter flights

* However, without an established airline group behind it, Laudamotion lacks sales and marketing channels to get it back up and running quickly.

ADVERTISEMENT

* Condor, part of Thomas Cook (Frankfurt: A0MR3W - news) , said it will market Laudamotion flights to holiday destinations, such as in Spain, on its website and in travel agencies

* Laudamotion is also in talks about its planes and crews flying for Lufthansa (Xetra: LHAB.DE - news) 's budget carrier Eurowings while the Austrian airline restarts its own operations, although no decision has yet been taken (Reporting by Victoria Bryan; Editing by Edmund Blair)