Airberlin subsidiary NIKI filed for bankruptcy Dec. 13 and said it will cease flight operations immediately. The decision came after a tumultuous day that saw several dramatic turns. Earlier in the day, Lufthansa informed airberlin administrator Frank Kebekus that it was terminating the purchase agreement for NIKI. Lufthansa argued it had received clear signals that the European Commission (EC) would not approve the takeover following a Phase 1 investigation that was scheduled to end Dec. ...

Subscribe to Access this Entire Article

"NIKI files for bankruptcy; ceases operations" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.