FlyNiki founder Niki Lauda has resigned as CEO of the Austrian airline and has been appointed to the Air Berlin (AB) administrative board as non-executive director. Since July 2010, AB has held a 49.9% stake in Niki. In the restructuring process, AB and Lauda have agreed that the Lauda Private Trust (LPT) will soon withdraw from Niki, in accordance with company law. As a result, the LPT will repay the loan it received from AB by transferring its 50.1% stake in Niki. This will not involve ...

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