Dec 13, 2017 SOURCE: AFP
Austria's Niki 'faces insolvency' as Lufthansa gives up bid
Austrian airline Niki faced insolvency and its planes being grounded Wednesday as Lufthansa gave up on plans to buy it from bankrupt Air Berlin in the face of competition concerns from the European Commission.
"Lufthansa informed Air Berlin and its insolvency managers that it will pursue the planned transaction without...
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