Air Berlin yesterday confirmed the purchase of a 25.9% stake in Niki for €21 million ($28.7 million), giving it 49.9% ownership in the Austrian LCC (ATWOnline, Feb. 17). It also will grant a €40.5 million loan repayable in three years with either cash or the remaining 50.1% of Niki. AB said that President Niki Lauda will remain at the airline "for at least another three years" and that his carrier "will be fully consolidated within the Air Berlin Group" while remaining a legally ...

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