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German lawmaker blasts EU for opposing Niki sale to Lufthansa

lufthansa

04/01/2018

Times of Malta

The German government will probably lose a €150 million government-backed loan to insolvent Air Berlin because the European Union opposed Lufthansa’s purchase of Air Berlin’s Austrian unit, Niki, a senior member of Chancellor Angela Merkel’s conservatives said on Sunday. The British Airways owner said on Friday that it would buy Niki for €20 million and provide additional liquidity to the company of up to €16.5 million, closing the final chapter in the demise of Air Berlin. Air Berlin filed for insolvency earlier this year.

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