LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » World News

Niki Lauda preparing bid for Air Berlin's Niki unit

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Sun, Sep 03, 2017
05:53 pm
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Former motor racing driver Niki Lauda is working on a bid to buy back the Niki subsidiary of insolvent airline Air Berlin, he told Reuters on Sunday.

Air Berlin, Germany`s second-largest airline, filed for bankruptcy protection last month after shareholder Etihad Airways withdrew funding following years of losses.

Now the carrier is to be carved up, most likely among several buyers, with about 140 leased aircraft and valuable take-off and landing slots in Germany up for grabs.

"I am preparing a plan to bid for Niki which has to go in there by the end of the week. But I have not decided yet under what conditions I will do it," Lauda told Reuters on the sidelines of the Italian Grand Prix in Monza.

Bidders for the assets must submit offers by a Sept. 15 deadline, and a decision could come on Sept. 21, three days before the German national election.

Lauda said he had started looking at Niki`s accounts, with more documents due to come on Monday and Tuesday before he can take a final decision.

German airline Lufthansa has government backing to take over large parts of Air Berlin. Britain`s easyJet and Thomas Cook`s Condor are also seen as likely bidders.

The carrier is being kept in the air thanks to a 150 million euro ($178 million) government loan, which government officials say will last the airline for up to three months.

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

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Gold Price Today 19 January 2021 – Weakness in Gold as Yellow metal cheaper by Rs 40 on MCX; Silver up Rs 74

Budget 2021 Expectations LIVE: What India Inc. wants from Modi government, Nirmala Sitharaman?

PUBG Mobile India: Launch date, trailer, competition from FAUG and other latest updates

DRDO-developed Rakshita bike ambulance handed over to CRPF | Know key features of this emergency vehicle

Bank Interest Rate: Best returns! These two banks top the list

Budget 2021 Stocks With Anil Singhvi – Vindhya Telelinks is a SCREAMING BUY; Investment grade stock with low valuations, high growth potential

TikTok, Chingari Short Video rival Moj App surpasses 100 mn downloads on Google Play Store in just 6 months

Budget 2021 Stock Picks: Bharat Dynamics is a top stock for good returns, says Ambareesh Baliga

With massive 6,000mAh battery, Realme C12 priced at under Rs 10,000 | Tough competition for Xiaomi, Nokia, Vivo, others in offing

IRFC IPO: CEO Amitabh Banerjee explains future expansion plans of the company

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved