|Bid||650.00 x 123000|
|Ask||677.00 x 327100|
|Day's range||653.00 - 661.20|
|52-week range||472.46 - 773.19|
|PE ratio (TTM)||6.10|
|Earnings date||23 Feb 2018|
|Forward dividend & yield||0.23 (2.95%)|
|1y target est||7.11|
Heathrow Airport launched a 10-week public consultation on its proposed expansion on Wednesday, saying it would ask locals for their views on issues such as the rerouting of a major motorway near the airport and the length of a new, third runway. Prime Minister Theresa May backed a $22 billion expansion of the London hub, which is the biggest airport in Europe, in October 2016, after decades of government indecision. Transport secretary Chris Grayling has said the government aims to give the go-ahead to the new runway in the first half of this year.
The German administrator for Austrian airline Niki has not yet decided whether he will withdraw an appeal against a German court ruling that moved Niki's insolvency proceedings to Austria, his spokesman said in emailed statement to Reuters. Lucas Floether is hoping to salvage a deal he brokered to sell Niki to British Airways owner IAG.
Settling a legal dispute, airline Niki's German and Austrian administrators agreed to cooperate to resolve the insolvent carrier's future swiftly and guarantee legal certainty for its buyer. New (KOSDAQ: 160550.KQ - news) offers can be made for Niki until Friday and a decision will follow within days, German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement on Tuesday.
After a legal spat, Airline Niki's German administrator Lucas Floether and his Austrian counterpart Ulla Reisch said in a joint statement on Tuesday that they would cooperate closely on sealing a deal on the future of the insolvent airline. Floether said as recently as Friday that he was considering legal action against an Austrian court ruling that Niki's main insolvency proceedings had to move to Austria from Germany after Floether had already agreed Niki's sale to British Airways owner IAG.
British Airways owner IAG said on Tuesday it was hopeful that it could complete its agreed acquisition of Austria's Niki quickly after a court ruled that the administration process should be conducted in Austria rather than Germany. "IAG remains interested in the assets of Niki and is looking forward to the new process being completed promptly," IAG said in a statement.
Vienna Airport said on Tuesday IAG, owner of Spanish-based airline Vueling, had promised to deploy up to eight aircraft from Vienna and use the airport as a base for expansion into eastern Europe after taking over insolvent airline Niki. The agreed sale of failed Air Berlin (LSE: 0GPE.L - news) 's Austrian unit Niki to British Airways parent IAG could unravel after an Austrian court decided that its insolvency proceedings have to move to Austria from Germany and start from scratch. "We could live well with Vueling," Vienna Airport Co-CEO Julian Jaeger said at a news conference in Vienna.
Swiss airline Belair, formerly part of collapsed low-cost carrier Air Berlin (LSE: 0GPE.L - news) , has been taken over by German investment company SBC. SBC, based in Duesseldorf, said on Monday it wanted flights to resume as soon as possible and former Belair staff would be offered their jobs back after it made a deal with Air Berlin's administrators. A spokesman for SBC declined to say how much it paid for the low-cost Swiss airline, which had sales of around 90 million Swiss francs ($93.47 million) in 2016.
Irish airline Ryanair said on Monday it had contacted the Austrian administrator of insolvent holiday airline Niki to express its interest in buying some of its assets. Niki's German administrator said ...
The German administrator of insolvent airline Niki said he still wanted to sell the leisure carrier to British Airways parent IAG, despite a battle between Austria and Germany over where insolvency proceedings should be handled. An Austrian court ruled on Friday that the insolvency proceedings should be held there, throwing the deal to sell Niki into doubt. Intensive talks were held at the weekend with all parties, German administrator Lucas Floether said in a statement on Monday, adding that the Austrian court had no right to revoke the decision made by a court in another European Union country.
Former Formula 1 world champion Niki Lauda has re-emerged as a potential bidder for Niki, the Austrian budget airline he founded whose messy insolvency proceedings may derail an agreed sale to Britain's IAG. Lauda weighed in after an Austrian court appointed an administrator for Niki on Friday, in response to legal action brought by a passenger rights group seeking to recover money it says the airline owes. The German administrator had agreed on a sale of Niki to British Airways owner IAG.
Airline Niki's sale to British Airways parent IAG was thrown into further doubt on Friday when a battle between Austrian and German officials over who should handle its insolvency proceedings intensified. Niki filed for insolvency in Berlin last month after Germany's Lufthansa (Xetra: LHAB.DE - news) scrapped plans to buy the Austrian arm of insolvent Air Berlin (LSE: 0GPE.L - news) . After hurried talks to find a new owner for Niki before it lost its valuable runway slots, IAG agreed to buy the business and make it part of low-cost unit Vueling.
Airlines group IAG is monitoring the situation after a court decided that Niki's insolvency should be handled mainly in Austria rather than Germany, a spokeswoman for IAG said, throwing its deal to buy ...
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 ...
The German insolvency administrator of holiday airline Niki is considering legal action against the decision of an Austrian court to launch rival insolvency proceedings in the neighbouring country, he said on Friday. An Austrian court, at the urging of a passenger rights group, had decided earlier that the insolvency had to be handled mainly in Austria, a move that could unravel the agreed sale to British Airways owner IAG. "The opening of this case contradicts European insolvency regulation," Lucas Floether said in a statement.
An Austrian court decided on Friday that airline Niki's insolvency has to be handled mainly in Austria, a court spokesman said on Friday, a move that could unravel the agreed sale to British Airways owner IAG. The court in Korneuburg approved a request by passengers' rights group Fairplane, which argued that as Niki is registered in Austria the case should be handled there. Fairplane also saw a conflict of interest in appointing the same administrators for Niki and its German parent and debtor Air Berlin (LSE: 0GPE.L - news) .
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 (LSE: 0GPE.L - news) to British Airways owner IAG, its insolvency administrator said. Niki filed for insolvency in Berlin last month after Germany's Lufthansa (Xetra: LHAB.DE - news) scrapped plans to buy the carrier, but a Berlin regional court said earlier this week that Niki was not under German jurisdiction.
BERLIN/FRANKFURT, Jan 10 (Reuters) - Germany's Lufthansa has overhauled Ryanair to retake the crown as Europe's largest airline by passenger numbers after the Irish budget carrier was forced to cut thousands of flights because of pilot rostering problems. The Lufthansa group as a whole carried 130 million passengers last year, it said on Wednesday.
Oliver Lackmann, the managing director of insolvent Air Berlin unit Niki, will leave the airline next month, Austrian media reported on Wednesday. Austrian Aviation Net posted on its website what it called ...
Germany's Lufthansa Group has retaken the crown as Europe's largest airline by passenger numbers from Ryanair after the Irish budget carrier was forced to cut thousands of flights because of pilot rostering ...
Austria is in talks with all parties involved in the insolvency of Air Berlin unit Niki but will not comment further on those discussions for the time being, Chancellor Sebastian Kurz said on Wednesday. ...
** Continental AG is still looking at its corporate structure as part of a review launched more than a year ago, a source close to the matter said after a media report on a possible breakup of the car parts maker pushed its shares to a record high. ** French online shoe and fashion retailer Spartoo has entered exclusive negotiations to buy rival shoe brand Andre from debt-laden clothing retailer Vivarte, the company said. ** Dubai real estate developer Union Properties is in the final stage of selling its entire stake in Emicool, a district cooling service provider, the company said.
The administrator of Niki said he would press ahead with an agreed sale of the insolvent Austrian airline to British Airways owner IAG after a German court ruling fanned concern that the deal could unravel. ...
The insolvency administrator of Niki said he would press ahead with an agreed sale of the Austrian airline to British Airways owner IAG, even as a German court ruling complicates Niki's insolvency process ...
Niki, the Austrian unit of collapsed Air Berlin, has filed an appeal with Germany's supreme court against a lower court ruling that its insolvency should have been filed in Austria not Germany, hoping ...