Former motor racing driver Niki Lauda is still interested in buying back the Niki subsidiary of collapsed airline Air Berlin, but said it would need a fresh start on the basis of insolvency proceeding, he told Reuters on Wednesday.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Lufthansa dropped plans to buy Niki on Wednesday, and Lauda said he expected the airline to file for insolvency within two days as a result.

"Of course I am still interested in Niki," Lauda said.

"The price one must pay for an insolvent airline is lower than that of one that is still flying," he said, when asked about how much he was willing to offer.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)