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Airplanes and carriers. airberlin-Etihad-Niki: sale will proceed at a time to be agreed

Abu Dhabi, UAE - The German airline announced in December 2016 an agreement on the shares indirectly held in NIKI

airberlin announced in December 2016 that it had reached an agreement with Etihad Investment Company LLC for the sale of the shares it indirectly held in NIKI Luftfahrt GmbH. Both airlines have confirmed last Friday that this sale will proceed at a time to be agreed and in a manner compliant with European Union regulations. Etihad and airberlin will provide further details in due course. Until this sale is completed, NIKI will continue to operate as a separate business unit within the airberlin group with a focus on short and medium-haul leisure destinations. The NIKI flight schedule for winter 2017 has been published and all bookings remain valid. Thomas Winkelmann, Chief Executive Officer, airberlin said: “Within its group there will be two clearly identified separated divisions: flights to long-haul destinations and to major business centres throughout Germany, and the rest of Europe, will be operated by airberlin from Duesseldorf and Berlin". “NIKI, as a standalone business, will offer flights to popular leisure destinations for holidaymakers". “With this, both the new airberlin, and the leisure business operated by NIKI, can be properly addressed with the right organisation and resources until the acquisition of NIKI is completed". Ray Gammell, Interim Chief Executive Officer of the Etihad Aviation Group added: “We continue to support the efforts of the airberlin management team as it continues its transformation". “Similarly, our commitment to support NIKI still stands and we aim to finalise the transaction soon". See for details AVIONEWS.

fra/pec - 1205038

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