Niki Lauda—ex-Formula 1 champion and founder of Austria-based airberlin subsidiary NIKI—will retake ownership of NIKI, rebranding the bankrupt carrier as “Laudamotion.” NIKI administrators finalized the deal Jan. 23 after marathon talks, overturning an agreed-upon transaction with International Airlines Group (IAG) and its LCC subsidiary Vueling. “In the early hours of this morning, Laudamotion GmbH emerged from a transparent bidding process as the best ...

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