|Bid||29.950 x 948200|
|Ask||29.960 x 1900800|
|Day's range||29.630 - 30.120|
|52-week range||11.210 - 30.340|
|PE ratio (TTM)||7.85|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Niki airline administrator will start talks on Thursday to find a buyer for the insolvent Austrian carrier, formerly a unit of collapsed Air Berlin, after a deal with Lufthansa fell through. A spokesman ...
MUNICH (Reuters) - Niki's administrator will start talks on Thursday with parties interested in buying the insolvent Austrian carrier after a deal with Lufthansa fell through, a spokesman for the administrator ...
Niki's administrator will start talks on Thursday with parties interested in buying the insolvent Austrian carrier after a deal with Lufthansa fell through, a spokesman for the administrator said. He said ...
VIENNA (Reuters) - At least three parties are interested in taking over the Niki subsidiary of collapsed airline Air Berlin, an Austrian trade unionist told broadcaster ORF on Thursday. After Lufthansa's ...
At least three parties are interested in taking over the Niki subsidiary of collapsed airline Air Berlin, an Austrian trade unionist told broadcaster ORF on Thursday. After Lufthansa's planned acquisition ...
BERLIN/VIENNA (Reuters) - Lufthansa (LHAG.DE) has abandoned plans to buy Air Berlin (AB1.DE) unit Niki due to competition concerns, grounding Niki and making it the latest to join the list of Europe's collapsed airlines this year. Tough competition and falling ticket prices have led to the demise of Monarch and Air Berlin while Alitalia has filed for insolvency protection. Air Berlin filed for insolvency in August and Lufthansa agreed a deal in October to buy its Niki and LGW businesses.
BERLIN/VIENNA, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - Lufthansa has abandoned plans to buy Air Berlin (LSE: 0GPE.L - news) unit Niki due to competition concerns, grounding Niki and making it the latest to join the list of Europe's collapsed airlines this year. Tough competition and falling ticket prices have led to the demise of Monarch and Air Berlin while Alitalia (Stuttgart: 2278962.SG - news) has filed for insolvency protection.
Niki has around 20 aircraft and some 1,000 employees, flying to holiday resorts in southern Europe and north Africa from Austria, Germany and Switzerland
The Austrian government has agreed to repatriate any passengers of Air Berlin unit Niki stranded abroad by cancelled return flights, a Transport Ministry spokesman said on Wednesday. Lufthansa has abandoned plans to buy Niki after the European Commission told Lufthansa that it would not allow the deal, meaning Niki could join the list of Europe's collapsed airlines this year. "(Chancellery Minister Thomas) Drozda, (Finance Minister Hans Joerg) Schelling and (Transport Minister Joerg) Leichtfried agreed to repatriate stranded passengers as quickly as possible," the spokesman said.
Air Berlin subsidiary Niki has applied to open insolvency proceedings, a court in Berlin said on Wednesday after Lufthansa dropped a bid for the Austrian holiday airline. Although parent Air Berlin filed for insolvency in August, Niki, which has a fleet of 21 Airbus A321 aircraft, was not part of those proceedings. Lufthansa agreed a deal in October with Air Berlin to buy the unit, plus sister company LGW, and had been providing funding to keep Niki flying until the deal was approved by the EU.
Former motor racing driver Niki Lauda is still interested in buying back the Niki subsidiary of collapsed airline Air Berlin (AB1.DE), but said it would need a fresh start on the basis of insolvency proceeding, he told Reuters on Wednesday. Lufthansa (LHAG.DE) dropped plans to buy Niki on Wednesday, and Lauda said he expected the airline to file for insolvency within two days as a result. "Of course I am still interested in Niki," Lauda said.
BERLIN (AP) — Germany's Lufthansa says it has withdrawn its bid for the Niki division of bankrupt Air Berlin as it tries to secure European Union approval for its planned takeover of much of what was once the country's second-biggest airline.
Austrian leisure airline Niki grounded all flights after Deutsche Lufthansa AG dropped its plan to buy the carrier from collapsed parent Air Berlin Plc, raising the prospect of thousands of travelers being ...
JetBlue (JBLU) reports a rise in November traffic. However, load factor in the month contracts due to capacity expansion outweighing traffic growth.
Deutsche Lufthansa AG is ready to transfer landing rights from Air Berlin Plc to leisure giants Thomas Cook Group Plc and TUI AG in an effort to fend off antitrust concerns about its bid for most of the ...
BERLIN (Reuters) - Lufthansa's budget unit Eurowings will introduce a business class section on certain long-haul routes from April 2018, it said on Tuesday, as the carrier expands following the collapse ...
BRUSSELS, Dec (Shanghai: 600875.SS - news) 12 (Reuters) - British budget airline easyJet gained unconditional EU antitrust approval on Tuesday to buy parts of Air Berlin, in contrast with rival Lufthansa (Xetra: LHAB.DE - news) , which is trying to convince regulators of its own bid for other Air Berlin assets. The 40 million euro ($47 million) deal, which includes some of Air Berlin's operations at Tegel (Berlin: TGW.BE - news) airport, leases for up to 25 A320 aircraft and the taking on of about 1,000 of Air Berlin's pilots and cabin crew, will make easyJet the largest carrier in the German capital. "EasyJet (Frankfurt: A1JTC1 - news) 's plans to buy certain Air Berlin assets will not reduce competition and we have approved it today," EU Competition Commissioner Margrethe Vestager said in a statement.
The EU approved Tuesday the purchase of bankrupt carrier Air Berlin (LSE: 0GPE.L - news) 's operations at the German capital's Tegel Airport by British low-cost carrier EasyJet (Frankfurt: A1JTC1 - news) . The greenlight comes after EU anti-trust authorities said last week that they were concerned about the far bigger transaction of German airline Lufthansa (Xetra: LHAB.DE - news) purchasing routes operated by its failed rival. "EasyJet's plans to buy certain Air Berlin assets will not reduce competition and we have approved it today," EU Competition Commissioner Margrethe Vestager said in a statement.
Air Berlin's administrator said renewed talks with Thomas Cook have not led to a sustainable offer for the insolvent carrier's Austria-based Niki unit. "Renewed talks with the consortium of bidders ...
* Some Irish-based Ryanair pilots to strike on Dec (Shanghai: 600875.SS - news) . BERLIN/DUBLIN, Dec 12 (Reuters) - Some of Ryanair's Irish-based pilots served notice of a one-day strike on Tuesday and German pilots' union Vereinigung Cockpit said strike action was also possible in Germany in a growing push for better conditions at the Irish budget carrier. Pilots are pushing for better conditions at the carrier and the Irish umbrella IMPACT trade union said Irish-based pilots employed directly by Ryanair and who are members of the IALPA pilots union will withdraw their labour on Dec. 20.
BERLIN (AP) — The European Union has cleared easyJet's planned acquisition of part of bankrupt German airline Air Berlin.
A wave of consolidation among European airlines is creating pressure on the region's airports because it gives carriers more negotiating power over their hubs, the head of airports association ACI Europe told Reuters. European airlines have had a turbulent year. Monarch, Air Berlin and Alitalia have entered administration after struggling to compete as air fares fell.