Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.79
    -0.02 (-0.02%)
     

  • GOLD FUTURES

    2,329.20
    -9.20 (-0.39%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,337.99
    -1,895.43 (-3.56%)
     

  • CMC Crypto 200

    1,387.20
    -36.90 (-2.59%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Niki's Austrian administrator to cooperate with German counterpart

Reuters - UK Focus

VIENNA, Jan 12 (Reuters) - Insolvent airline Niki's new Austrian administrator Ulla Reisch plans to build on her German counterpart's work and reach a solution for the airline within three weeks, she said.

Insolvency proceedings technically have to start from scratch after an Austrian court decided that the case, which so far has been handled in Germany, should move to Austria.

"We will not start from the beginning as if there had never been proceedings in this case," Reisch told Reuters.

"I think a solution can be found within 2 to 3 weeks."

British Airways owner IAG, who agreed with the German administrator to buy Niki, declined to comment the Austrian decision. (Reporting by Shadia Nasralla and Alistair Smout, editing by Kirsti Knolle)