Niki President Niki Lauda told ATWOnline in Vienna that he will remain in charge of the LCC following Air Berlin's move to increase its share to 49.9% and that the airlines will work together to create efficiencies that will allow them to compete with heavyweights Lufthansa and Austrian Airlines (ATWOnline, Feb. 18). AB this week announced a €21 million ($28.8 million) investment in an additional 25.9% share of Niki and another €40.5 million in loans, but Lauda said he was ...

Subscribe to Access this Entire Article

"Air Berlin/Niki look to compete with Lufthansa, Austrian" 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?

Already registered? here.