Etihad studies options for Niki airline

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Etihad studies options for Niki airline
Etihad agreed to buy Niki as part of a deal to create a holiday airline in a joint venture with TUI Group.

abu dhabi - It bought the leisure airline from airberlin for $351 million earlier this year

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Published: Tue 15 Aug 2017, 8:26 PM

Last updated: Tue 15 Aug 2017, 10:27 PM

Etihad Airways said on Tuesday it continues to explore options for leisure airline Niki which it bought from airberlin for $351 million earlier this year.

Etihad agreed to buy Niki as part of a deal to create a holiday airline in a joint venture with TUI Group. Those talks fell apart in June.

Earlier on Tuesday, airberlin said it had filed for insolvency. Niki is not part of the insolvency proceedings. - Reuters


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